New Competition Law – Federal Law No. 36 of 2023 to Address Jurisdiction and Scope of Application, Anti-competitive Conducts, Administrative and Financial Penalties

This new statute, which supersedes the former Federal Law No. 4 of 2012, is designed to eradicate various limitations and practices deemed detrimental to a fair and competitive marketplace. Taking the step to updating its Competition Law enables the UAE to foster a dynamic, competitive, and fair marketplace, which is essential for its long-term economic […]

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