Guidance Provided on Malaysian Competition Laws
16 Dec 2011
Competition law in Malaysia will become a reality next year, with the Malaysia Competition Act 2010 (“Act”) due to take effect from 1 January 2012.
To mark its arrival into the competition law arena, and to assist businesses in grappling with the impending changes, the Malaysian Competition Commission (“MyCC”) had on 24 November 2011 published a set of three guidelines on its proposed approach to competition law issues.
The three guidelines that have been issued, deal with some of the most important issues relating to the operation of the law. Specifically, the guidelines deal with: Chapter 1 of the Act; market definition; and complaints procedures.
To read the update, please click here.