After three years of hiccups, Competition Authority members have been selected and are ready to assume their positions and begin work. Due to the lack of a decision-making body, no decisions have been issued or investigations conducted by the authority since 2013. The authority is one of the youngest of its kind in the region and thus has a significant lack of practice providing guidance on how competition rules should be implemented.
Amendments to the Competition Act have introduced some significant changes in competition policy, focusing primarily on merger control. The changes include the lowering of the worldwide jurisdictional threshold for a mandatory merger filing and the introduction of a fine for responsible individuals in an infringing company.