The Competition Act [Chapter 14:28] aims to promote and maintain competition in the economy by regulating acquisitions, anti-competitive business practices, and abuse of market power and anti-competitive mergers.Its focus is on control of restrictive trade practices, anti-competitive mergers and unfair trade practices.The intention of the legislature, in enacting the ...
The Competition Act [Chapter 14:28] aims to promote and maintain competition in the economy by regulating acquisitions, anti-competitive business practices, and abuse of market power and anti-competitive mergers.
Its focus is on control of restrictive trade practices, anti-competitive mergers and unfair trade practices.
The intention of the legislature, in enacting the current definition of a merger, was to protect and regulate competition and have as wide a bracket as possible covering all mergers that have to be notified to the plaintiff, with those mergers which create serious competition challenges receiving extra attention by way of approval of the merger with conditions or complete prohibition of that merger.
In this way, the Competition Commission is able to scrutinise all mergers and keep those mergers that create competition in check.
Only mergers which need not be notified are those which do not meet the monetary threshold of 1,2 million, in terms of turnover, in terms of the Competition (Notification of Mergers) Regulations.
