As pioneers in this area, Afridi & Angell was involved in setting the foundations of the UAE merger clearance regime. Our discussions and analysis of what we believe was the first competition clearance matter in the UAE have guided and molded the UAE Ministry of Economy’s approach to future transactions.
Not only were we involved in the first competition clearance filing in the UAE but also in mergers occurring in specific industries for the first time where the UAE Ministry of Economy lacked precedents for purposes of the competition regime.
Our advice in this area involves understanding and defining the market, defining the product, negotiating the competition clearance filing with the Ministry of Economy and agreeing with the Ministry on the competition regime and parameters for the relevant industry.
Acting for Siemens A.G. and Alstom S.A. jointly on all UAE competition matters in connection with the merger of Siemens A.G’s mobility business with Alstom S.A. Negotiated with the UAE Ministry of Economy and submitted a merger control clearance request on behalf of both Siemens and Alstom, seeking permission for the merger in the UAE.
Advising an international stock exchange on UAE merger control aspects of its merger with a global financial data and information solutions company.
