Singapore Competition Law Update 2008- article in APAC Antitrust Review
01 Apr 2008
The Asia Pacific Antitrust Review 2008
The provisions in the Competition Act 2004 (Cap 50B) (the Competition Act) that comprise Singapore’s general competition regime came into force in three phases. While the Competition Commission of Singapore (CCS) was set up on 1 January 2005, the prohibitions against anti-competitive agreements and abuse of dominance only came into force on 1 January 2006. This was followed by the merger control provisions on 1 July 2007.
In this short period of time, businesses in Singapore are quickly becoming aware of the need to ensure that their business dealings comply with competition law. This is partly attributed to the intensive advocacy campaign undertaken by the CCS after the competition law came into effect, as well as the first cartel decision that was issued recently in January 2008.
This article updates readers on recent developments. First, Lim Chong Kin and Scott Clements explain the new merger control provisions.
They then move on to outline key developments in competition law this past year. Finally, they make some observations on the attitudes of businesses towards competition law compliance.
To read the article, click here.
An extract from The Asia-Pacific Antitrust Review 2008 - a Global Competition Review special report -www.GlobalCompetitionReview.com.