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Namibia: Two developments modify antitrust law

 |  December 19, 2012

According to reports, two new developments of Competition Law have been introduced into Namibia. Among these developments includes a monetary merger notification threshold which, unlike previous legislation, would limit the class of mergers that are required to notify the Namibian Competition Commission for approval of the deal unless the Commission sees it necessary; previous procedure required that all mergers notify the NCC. The second development pertains to how the nation defines standing as ‘dominant’ within a market, clarifying that any business accused of abuse of dominance cannot be considered ‘dominant’ unless its assets are valued at or above N$ 10 million (about 1.18 million USD).

Full Content: Mondaq

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