Jurisdiction(s):
United Kingdom

Merger control update: Malawi’s new mandatory regime; Saudi Arabia threshold, control, JV exemption and clearance validity changes; global gun-jumping fines; and consultations (July 2024)

Published by a LexisNexis Competition expert

Practice notes

Malawi—Competition and Fair Trading Act 2024 comes into force

This month, reforms to competition law, including merger control, have taken effect in Malawi, while Saudi Arabia has brought amendments to its merger control guidelines into operation.

Effective 1 July 2024, the Competition and Fair Trading Act 2024 (the Act) commenced, repealing the Competition and Fair Trading Act 1998. Key points on merger control are summarised below.

Mandatory and suspensory merger notification

The Act represents a major departure from the prior framework by instituting compulsory merger notification. At present, no monetary thresholds apply to determine which mergers must be notified. The Act envisages that thresholds could be introduced in due course. In the interim, where notifiability is unclear, parties can seek negative clearance from the Competition and Fair Trade Commission (CFTC).

The Act sets out illustrative categories of notifiable mergers, including deals likely to lead to ‘the acquisition of at least a 40% share of any market or such other amount of the market that the Commission may prescribe’. Further transactions that are...

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Web page updated on 21/05/2026

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