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SYNTHESIS
The moderator, Marc Waha (Norton Rose Fulbright), opened the panel by introducing the panelists and giving each of them an opportunity to provide opening remarks.
Aik Kor Sia (Competition and Consumer Commission of Singapore) provided an overview of the history of Singapore’s competition law and it’s dual function agency. She also spoke about the rules of natural justice and the rights of defense in such an administrative system.
Prior to 2005, Singapore had no generic competition law, and there was only sectoral regulation in the energy and communications sector. After the United States and Singapore signed the free trade agreement, the Competition Act came into force on January 1, 2005 and the Competition Commission of Singapore was established. The Competition and Consumer Commission of Singapore (CCCS) was established on April 1, 2018, after the Competition Commission took over the consumer protection functions from another government agency.
