Episode 41: Understanding UAE Competition Law: Key Insights and Implications

 Welcome to the Everything Tax podcast series! In today's episode, we're discussing a crucial topic: UAE Competition Law. Joining us is Alexandra Smirnova, M&A Advisory Senior Manager at Andersen UAE, to shed light on this significant regulation.

Key Points Discussed:

• Introduction of the Law: Learn about the UAE Competition Law, effective from December 2020, and its role in promoting fair competition and preventing monopolistic practices.

• Economic Concentration: Understand the definition of economic concentration and the dual thresholds (market and turnover) that trigger monitoring by the Ministry of Economy.

• Impact on Transactions: Discover how this law affects significant transactions, particularly in booming sectors like technology, real estate, AI, healthcare, logistics, and hospitality.

• M&A Advisors' Role: Find out how M&A advisors must navigate the law's requirements, ensure proper documentation, and prepare for potential public consultations.

• Challenges and Compliance: Explore the challenges businesses face in complying with the law, the importance of notifying the Ministry of Economy, conducting market research, and avoiding complex structures to bypass regulations.

Stay informed and ensure your business complies with UAE Competition Law to avoid complications and penalties. For more updates on taxes, economy, laws, and more, follow us on LinkedIn, YouTube, and Spotify.

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Chapters

• 0:00 Introduction
• 0:48 What is UAE Competition Law
• 1:45 How does it work
• 3:20 Impact of the law
• 4:16 Key pointers