www.hmh.al The local merger-control regime requires parties involved in a concentration (a deal resulting in a change of control over an undertaking on a lasting basis) to notify the Albanian Competition Authority if the turnovers of all the participating parties in the international/internal market and the turnover of at least one of the parties in the internal market reach certain thresholds, irrespective of whether the concentration shall have any substantive effect on local competition. Clearance/approval of the concentration from the Albanian Competition Authority is a condition precedent to its effectiveness. Failure to notify also carries penalties.
June 30, 2013