Overview

Despite being widely considered as attractive environments for investment, the GCC States still face challenges in conforming to the requirements of the World Trade Organization. The most significant of these is promoting the most fundamental doctrine of the free market - competition. With the objective of complying with WTO requirements and the needs of adopting modern economic notions, the GCC States have carried out many initiatives to protect and promote competition.

This briefing from UAE specialists Hadef & Partners describes how the UAE, Bahrain and Oman are currently following Saudi Arabia's lead in developing specific laws to protect competition and prevent monopolistic practices. Additionally, the briefing outlines how the new antitrust regimes are likely to affect international law firms and businesses.

Click 'View Briefing' to learn more.