Mohamed El Far, Senior Associate in Baker & McKenzie's Cairo office and a member in Baker & McKenzie Competition Practice Group has been appointed as a legal expert on the committee that will be preparing the amendments to the Egyptian Competition Law, in particular, the section related to the introduction of a new merger control regime in Egypt.
The current Egyptian Competition Law (Law No. 3 of 2005 on the Protection of Competition and the Prohibition of Monopolistic Practices) was put into force in June 17, 2005 and amended in 2008 by Law No. 190 for the year 2008 . It provides for the protection of free competition in economic activities and aims to prevent monopolistic practices. The current law does not enable the Egyptian Competition Authority to appraise any merger transaction, since it only has a post-merger notification.
Part of Mohamed's duties will be assisting in the drafting, reviewing and assessing a final version that would be officially adopted by the Egyptian Competition Authority and sent to the government. Mohamed will also assist in reviewing the final drafts of the Dominance and Abuse of Dominance Guidelines.
Commenting on the appointment, Dr. Elfar said: “I am delighted to be appointed on the committee and excited to start working on this significant assignment, which is crucial to the Egyptian economy and consumer welfare.
The Managing Partner of Baker & McKenzie Cairo, Mohamad Talaat said: "On behalf of all office members, I want to congratulate Mohamad on his selection. I believe that this appointment will further deepen his experience in this important area. This appointment is an evidence of our commitment to participate in the Egyptian government legal and economic reform efforts that will lead to better a investment climate".
Baker & McKenzie Cairo Office Competition team has a rich history of involvement in high profile competition matters and landmark cases including representing the Egyptian leading cement producers on the price fixing allegation before the courts. This is the first cartel case in Egypt after the issuance of the Egyptian Antitrust law in 2005 and as a result of this case the Egyptian Antitrust law changed; and representing Juhayna Food Industries and the International Company for Agro-Industrial Projects (Beyti), two leading dairy manufacturers in Egypt on a major cartel case in which Juhayna and Beyti among other dairy product companies were accused of violating the Egyptian Competition Law and fixing prices of raw milk bought from farmers.