Zambia:
Entities Not Obtaining Merger Clearance Prosecuted
16 October 2012
Webber Wentzel
To print this article, all you need is to be registered or login on Mondaq.com.
The Zambia Competition Commission, now the Competition and
Consumer Protection Commission (CCPC), has successfully prosecuted
Mercury Express Logistics Zambia Limited (Mercury), Mark Foden of
Mercury, and the former CEO of Mercury's competitor,
Charles Nkandu, for effecting a merger, acquisition or takeover in
the absence of authority from the CCPC contrary to the Competition
and Fair Trading Act (now repealed and replaced with the
Competition and Consumer Protection Act, No. 24 of 2010). All three
were ordered to pay a fine immediately, failing which the
individuals could face imprisonment.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Antitrust/Competition Law from Zambia
ECA Announces Action Against Cartel In
Bremer FZ-LLC
On 2 February 2024, the Egyptian Competition Authority (ECA) announced that they discovered price fixing among 20 manufacturers of ice blocks for commercial use.
Cartels Laws And Regulations 2023
Banwo & Ighodalo
The Federal Competition and Consumer Protection Act 2018 ("FCCPA" or "the Act") is the primary legislation that governs and protects the rights of consumers and competition in Nigeria.
Review Of The Abuse Of Dominance Regulations
Solola & Akpana
The Abuse of Dominance Regulations 2022 was made by the Federal Competition and Consumer Protection Commission in exercise of its powers under sections 17, 18 and 163 ...