ARTICLE
16 October 2012

Entities Not Obtaining Merger Clearance Prosecuted

The Zambia Competition Commission, now the Competition and Consumer Protection Commission (CCPC), has successfully prosecuted Mercury Express Logistics Zambia Limited (Mercury).
Zambia Antitrust/Competition Law
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The Zambia Competition Commission, now the Competition and Consumer Protection Commission (CCPC), has successfully prosecuted Mercury Express Logistics Zambia Limited (Mercury), Mark Foden of Mercury, and the former CEO of Mercury's competitor, Charles Nkandu, for effecting a merger, acquisition or takeover in the absence of authority from the CCPC contrary to the Competition and Fair Trading Act (now repealed and replaced with the Competition and Consumer Protection Act, No. 24 of 2010). All three were ordered to pay a fine immediately, failing which the individuals could face imprisonment.

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