Default Banner Title

Massmart-Walmart welcomes Namibian Supreme Court decision

  • quiet_apple
  • Comments Off on Massmart-Walmart welcomes Namibian Supreme Court decision

Massmart-Walmart welcome this morning’s ruling by the Namibian Supreme Court which upheld Walmart’s legal challenge to a Ministerial Notice imposing foreign investment restrictions in Namibia. The practical implications of this ruling are:

  • Implementation of the merger in Namibia remains unaffected;
  • The conditions imposed on the merged firm by the Namibian Competition Commission must be reviewed by the Minister of Trade and Industry; and
  • Any conditions imposed by the Minster remain open to challenge by the parties as required. The merged parties look forward to a speedy completion of the Ministerial review, and any further legal proceedings to which this may give rise.
Print Friendly, PDF & Email
go to top