Some of the most fascinating progress being made in modern competition policy is outside the box – in theory, yes, but also outside customary economic and financial centers. Our authors this month bring us up to date on recent advancements made in such diverse regions as Southern Africa, the Islamic World, Turkey, Israel, Albania, and […]

Maher Dabbah, May 29, 2012 …Despite this rich history and past glory, Islamic countries did not carry the mechanism of economic regulation, in the form of Hisba, into modern times. Indeed, there has been inadequate recognition given by these countries to the importance of Hisba as an institution for market regulation. More generally, these countries […]

Sinan Bozkus, Bekir Kocabas, May 29, 2012 Turkish merger control regime has undergone a fundamental reform with the entrance of the new “Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board (“Communiqué No. 2010/4” or the “New Communiqué”)” in to force on January 1, 2011. This communiqué replaced its predecessor (“Communiqué […]

Aldash Aitzhanov, May 29, 2012 There is some empirical evidence that the effectiveness of antimonopoly policy (hereinafter referred to as the “EAP”) depends on different aspects of policy design, like engaging in leniency policy and competition authority independence. However, these features of competition policy design do not explain how countries can effectively implement competition policy […]

Heather Irvine, Candice Upfold, May 29, 2012 African countries are increasingly adopting competition law. To date, sixteen countries in Africa have adopted legislation to regulate mergers, and 11 are in the process of promulgating competition statutes. In particular, Southern Africa has seen some interesting developments in the last few years.

Ermal Nazifi, May 29, 2012 Albania has been one of the most isolated and underdeveloped European countries for centuries, despite its great potential because of favorable geographic position and its relative richness in natural resources. After the Second World War, Albania suffered from one of the harshest communist regimes in the world, and a total […]

Shlomi Parizat, May 29, 2012 In the summer of 2011, “Social Justice” became a rallying point for over 400,000 people in one of the largest protests seen in Israel. The movement began with a small group of friends in Tel Aviv who found housing prices way too high and were outraged by the government’s (un)social […]