In a time of recession, competition law regulations do not change in their content or enforcement. On the contrary, it is vital for companies to remain compliant with applicable antitrust laws and continue their commercially independent behavior. We provided an overview perspective on key antitrust and competition trends for emerging markets including, Morocco, Egypt, Turkey, South Africa and Saudi Arabia in 2023.
Our key takeaways for in-house counsels and competition leaders:
- Nowadays competition authorities in emerging jurisdictions are well staffed, have clear legal frameworks and have all the tools at their disposal in order to enforce the competition rules effectively.
- As a result enforcement is on the rise across all of these jurisdiction and we expect that trend to continue in the future.
- Companies need to take merger control regimes seriously in these jurisdictions and timelines for global deals need to be adjusted accordingly.
- Companies should also review and invest more time and effort in their compliance policies across all of these markets.
You can find recordings below:
Moderator: Fiona Carlin