30 May 2018

The Competition Act has been amended with effect from 16 May 2018 to empower the Competition and Consumer Commission of Singapore (“CCCS”) to:

  • accept binding and enforceable commitments for cases involving anti-competitive agreements and abuse of dominant position;
  • provide confidential and non-binding advice on anticipated mergers as a statutory process; and
  • conduct general interviews during inspections and searches.

By way of background, the Competition Act was amended following a public consultation on proposed changes to the Competition Act which took place between 21 December 2017 and 11 January 2018.

Reference materials

The Competition (Amendment) Act 2018 is available on the Singapore Statutes Online website sso.agc.gov.sg, or by clicking here.

 

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