The Malaysian Parliament passes first comprehensive competition law act

On April 21, 2010, the Parliament of Malaysia approved two bills, the Competition Commission Bill 2010 and the Competition Bill 2010 (the Bills). When implemented, the Bills will establish the first comprehensive competition law and competition enforcement agency in Malaysia. The Competition Bill prohibits cartels and abuses of a dominant market position, but does not create a merger control regime. Violations are punishable by fines, as well as imprisonment for individual violators. The Competition Bill also creates a private right of action for those injured by violations. The Bills establish a Competition Commission with broad investigative and enforcement powers, as well as a Competition Appeals Tribunal (CAT) to hear all appeals of Commission decisions. The Minister of Ministry

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

Quotation

Stephen Harris, David P. Longstaff, The Malaysian Parliament passes first comprehensive competition law act, 21 April 2010, e-Competitions April 2010, Art. N° 33682

Visites 587

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues