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Legal
Bulletin
Competition Law Amended |
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| 6/30/2008 | |
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Competition Law No. 3 of 2005 was amended to expand the scope of activities under scrutiny and increase the monetary penalties for violations of Article 6, 7 and 8 to become a fine not less than EGP 100,000 and not to exceed EGP 300 million. Persons with more than EGP 100 million of annual sales are now under obligation to notify the Authority upon acquiring any assets or shares, or in case of mergers and acquisitions. |