New African Merger System May Cause Headaches For US Cos.

Law360, New York (February 15, 2013, 6:49 PM EST) -- A new merger regime in Africa designed to offer companies a one-stop shop for transaction filings in much of the continent casts a wide net that may ensnare many international transactions with little relation to the bloc, attorneys say.

The Common Market for Eastern and Southern Africa, known as COMESA, launched its new competition watchdog in mid-January. While the COMESA Competition Commission has authority to target cartels and dominant market players who abuse their power, it's the bloc's merger control regime that international companies should be...
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