Cleary Gottlieb and White & Case, along with other law firms operating in the United Arab Emirates, are predicting a rise in the need for advisory services and antitrust expertise. This anticipated demand surge is driven by new merger filing rules that came into effect on March 31. These regulations necessitate increased competition assessments and filings for transactions that meet certain criteria.
Under this regulatory change, merger filings are now required if a party’s UAE turnover surpasses AED 300 million (approximately $82 million) or if the combined market share of the entities involved exceeds 40% of total sales within the UAE market for the past fiscal year. This update reflects a shift from previous stipulations where only the market share was considered.
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