Competition Appeal Board Issues its First Decisions

25 Mar 2011

On 24 March 2011, the Singapore Competition Appeal Board issued its first decisions on appeals lodged against an infringement decision issued by the Competition Commission of Singapore (“CCS”).

The appeals related to CCS’s infringement decision relating to price fixing in bus services from Singapore to Malaysia and Southern Thailand, issued on 3 November 2009.

The CCS, in its infringement decision, found that 17 parties had engaged in behaviour that was contrary to the Competition Act, and imposed financial penalties which collectively totaled S$1.69m.

Six parties appealed to the Competition Appeal Board through three separate appeals. Four of the parties unsuccessfully challenged the CCS’s liability finding, but all six had their penalties reduced to some degree by the Competition Appeal Board.

To read the update, please click here.