In line of international practice for Competition and Anti-trust regulations, the provisions of the Law and Regulation related to Competition in UAE shall apply to the activities carried out by entities in the UAE in addition to the exploitation of intellectual property rights inside and outside UAE.
The UAE Competition Law is set into several chapters, which include the following: Applicability of the Law as well as the exclusions. The Mandates of the Ministry of Economy in relation to Competition Practices. The activities & businesses excluded from the provisions of the UAE Competition Law.
The Sanctions which are stipulated under the UAE Competition Law are as follows: 1. Penalties / Fines Restrictive Agreements, in contravention to the provisions of Article 5 of the Competition Law. Fine of a minimum of AED 500,000 and a maximum of AED 5,000,000.
(b) As the implementing regulations in UAE are mandatory to enforce Federal laws, the UAE Council of Ministers issued Resolution No. 37 of 2014 concerning the Implementing Regulation of the Federal Law No. 4 of 2012 on the Regulation of Competition ("Implementing Regulations"), which has been in force since October 2014.