Singapore’s New Competition Law: the First Year - an article in The Asia Pacific Antitrust Review 2007
01 Jan 2007
The Asia Pacific Antitrust Review 2007
The Singapore Competition Act came into force on 1 January 2006 and introduces a system of general competition law in Singapore. It seeks to regulate economic activities in sectors where there is no existing sector-specific competition regulation. The main provisions in the Competition Act seek to prohibit agreements that restrict competition, prohibit abuse of dominance and prohibit mergers that result in substantial lessening of competition.
To implement the Competition Act, the Competition Commission of Singapore (CCS) published a number of comprehensive Guidelines outlining how it would apply the substantive provisions of Singapore’s new competition law including market definitions, leniency treatment for whistle blowers, filing of notifications for guidance or decisions, treatment of intellectual property rights and imposition of appropriate amounts of penalty. These Guidelines are available on the CCS website at: www.ccs.gov.sg.
This article by Lim Chong Kin and Dean Shirley sets out a brief overview of Singapore’s competition regime including the upcoming merger regime that will come into force on 1 July 2007. They will discuss the key competition law developments in Singapore over the past 12 months.
To read the article, please click here.
An extract from The Asia-Pacific Antitrust Review 2007 - a Global Competition Review special report -www.GlobalCompetitionReview.com.