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Angola: Country starts first ever competition authority

 |  February 17, 2019

Angola has joined the list of African countries that have an active, independent competition regulator. This follows the recent appointment of members of the board of directors of the Competition Regulatory Authority of Angola (Autoridade Reguladora da Concorrência, or ARC). The ARC succeeds the former Institute of Competition and Prices.

The Law prohibits certain anti-competitive horizontal and vertical agreements as well as the abuse of a dominant position.  Contraventions of the Law expose companies to penalties of up to 10% of annual turnover.  A leniency policy will be developed by the ARC, to allow for reductions in penalties in certain circumstances.

Full Content: Bow Mans Law

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