The legal amendments that could require premerger notification in Egypt “could expose certain transactions around the world to reporting risks in Egypt,” according to a note from White & Case. “Parties contemplating transactions that involve an Egyptian component should monitor the progress of these draft amendments as they make their way through the legislative process,” the note reads. The concerns follow the Egyptian Competition Authority (ECA)’s plan to amend Competition Law (Law No. 3/2005), which, as currently drafted, has broad features of the proposed notification requirements that “are consistent with many regulatory regimes around the world. The notification would require standard information about the parties and the transaction, as well as a filing fee.” The ECA would be allowed to evaluate the transaction over inspection phases and the process could be mandatory for any merger, acquisition, joint venture, or “economic concentration.”

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