Regulatory Framework of Merger Control (Business Combination Regime) in Cambodia.

Understanding Cambodia’s Business Combination Regime (Merger Control)

Cambodia’s competition regime has entered a new era. With the introduction of Sub-Decree No. 60 and subsequent Prakas and Decisions, merger control is now a core compliance consideration for both domestic and cross-border transactions.
Our guide provides a comprehensive overview of the rules governing business combinations—Cambodia’s term for mergers and acquisitions—and explains:

• When notification is required and thresholds apply
• Key procedural steps, timelines, and filing requirements
• Sector-specific thresholds for banking, insurance, and securities
• Available exemptions, penalties, and rights appeal
• Practical tips for managing regulatory risk and ensuring compliance

For dealmakers and counsel, understanding these rules early in the transaction lifecycle is critical. Cambodia’s framework is broad, extraterritorial, and backed by significant penalties of up to 10% of turnover for non-compliance.