Wednesday, July 24, 2013
Posted by D. Daniel Sokol
Desmond Rudman and Robert Wilson (Webber Wentzel) discuss COMESA Competition Law—A New Regional Merger Regime for Eastern and Southern Africa.
ABSTRACT: On 14 January 2013, a new regional competition law regime came into operation across the 19 African countries that constitute COMESA. Under that regime, mergers are notifiable where either or both the ‘acquiring firm’ and the ‘target firm’ operate in two or more COMESA Member States. A large notification fee of up to COM$500,000 (US$500,000) is payable to the COMESA Competition Commission (CCC). It is not clear whether the new regime constitutes a one-stop-shop, or if parallel national notification of mergers that have a regional dimension is required.