Transactions & Deals in Morocco

Essentials guide · Source-checked research61% of statements checked against a source14 checked against an official source21 checked against a secondary sourceChecked 2026-10-197 held back until checked against an official source10 topics include AI-written statements, not source-checkedNot yet professionally reviewed

• Under Law 104-12 as amended by Law 40-21, a concentration meeting the thresholds must be notified to the Competition Council before it is carried out and cannot be completed until the Council has cleared it, unless a derogation is granted.

  Notification is triggered by turnover thresholds set by decree or by the parties together holding more than 40% of sales, purchases or other transactions on a national market for the same or substitutable goods or services.Conseil de la Concurrence · checked 2026-10-19

• Decree 2-23-273 of 22 May 2023 raised the merger notification turnover thresholds: combined worldwide turnover above MAD 1.2 billion with at least one party above MAD 50 million in Morocco, or combined Moroccan turnover above MAD 400 million with at least two parties each above MAD 50 million in Morocco.

  Amounts exclude taxes. The amending Law 40-21 was promulgated by Dahir 1-22-67 of 25 November 2022.Conseil de la Concurrence · checked 2026-10-19

• Takeovers of companies listed on the Casablanca Stock Exchange are regulated by the AMMC.

  AI-written, not source-checked

• Insolvency proceedings, including safeguard, receivership and liquidation, are governed by Book V of the Commercial Code, reformed in 2018.

  AI-written, not source-checked

• Morocco has no cross-sector foreign investment screening authority.

  Sector restrictions on foreign ownership still apply.Chambers and Partners (Gide Loyrette Nouel) · checked 2026-10-19

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