A PYMNTS Company

Namibia: Two developments modify antitrust law

By  |  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).

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Mondaq

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.