- 2.
- Conduct that constitutes an abuse of a dominant position in a market, includes conduct that protects, enhances or perpetuates the dominant position of an undertaking in ways unrelated to competitive merit.
The section 47 prohibition only prohibits abuse of a dominant position.
- 34. —(.
- Where any person is ordered to be removed from Singapore under the provisions of this Act, it is lawful for the Controller to order that person to be detained in custody for such period as may be necessary for the purpose of making arrangements for that person's removal
Does Singapore have antitrust laws?
Antitrust and competition laws are crucial safeguards in Singapore's thriving corporate sector, which values competition to promote fair play and prohibit monopolistic practices.
In the complex world of mergers and acquisitions in Singapore, this article emphasises the importance of trade rules..
Is monopoly allowed in Singapore?
Officially known as The Competition Act 2004, the law has been effective since July 1, 2007 and promotes efficient markets at home.
The Act prevents unfair trade practices and restricts the formation of cartels and monopoly activity in trade..
What are the competition laws in Singapore?
The Competition Act prohibits anti-competitive activities.
Specific prohibited activities include agreements that prevent, restrict or distort competition, abuse of dominance and mergers that substantially lessen competition..
What is competition law Singapore?
Overview of competition laws
The Competition Act prohibits the following three main activities: agreements which have as their object or effect the prevention, restriction or distortion of competition in Singapore; conduct which amounts to the abuse of a dominant position in any market in Singapore; and..
What is Section 34 1 in Singapore?
34. —(.
- Where any person is ordered to be removed from Singapore under the provisions of this Act, it is lawful for the Controller to order that person to be detained in custody for such period as may be necessary for the purpose of making arrangements for that person's removal
What is the legal competition law?
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.
Competition law is implemented through public and private enforcement..
What is the role of competition in Singapore's economic growth and public policies?
Competition has been and continues to be a key tenet of Singapore's economic strategy.
Maintaining the policy of a free and open economy has supported Singapore's strong economic growth in the last decade, allowing Singapore to be consistently ranked as one of the most competitive economies in the world..
Who regulates competition in Singapore?
The CCCS has the power to issue directions to bring infringements of the Competition Act to an end.
It may also impose financial penalties on undertakings for infringing the Competition Act..
- Predatory pricing: When it sets extremely low prices to drive competitors out of the market.
Discount schemes: When it ties its discounts with the purchase of other products and services.
Refusal to supply: When it withholds key products or services essential to other businesses. - Section 54 of the Competition Act, Chapter 5.
- B of Singapore (Competition Act) prohibits mergers that have resulted, or may be expected to result, in a substantial lessening of competition (SLC) within any market in Singapore (section 54 prohibition)
- This is Part 1 of a high-level review of Malaysia's anti-competition legislation.
Competition law, also known as anti-trust law in some jurisdictions, is the applicable legislation that provides a legal framework with the aim to promote fair competition and prevent anti-competitive practices in the marketplace.
