Nasnuus v Competition Commission; CT Media Publications (Pty) Ltd v Competition Commission
Nasnuus v Competition Commission; CT Media Publications (Pty) Ltd v Competition Commission [2000] ZACT 22 (26 May 2000)
The Tribunal held that the Commission's extension of the consideration period to a specific date, rather than a number of days, rendered the saving provisions of the Interpretation Act and Commission Rules inapplicable. The statutory language and purpose of section 14(2) of the Competition Act require strict adherence to the time periods prescribed. Since the Commission failed to issue its prohibition certificate by the specified date, the mergers are deemed to have been approved by operation of law. The Tribunal found that neither the Interpretation Act nor the Commission Rules could be invo…
Source excerpt
- Merger Control
- Intermediate Merger
- Time Computation
- Clearance Certificate