Competition law and policy in singapore

6.
1. The section 54 prohibition covers mergers, which have resulted, or may be expected to result, in a substantial lessening of competition (“SLC”) within any market in Singapore.
What is Section 47 of the Competition Act in Singapore?
2.
1. 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.
What is Section 54 of the Singapore Competition Act?
6.
1. The section 54 prohibition covers mergers, which have resulted, or may be expected to result, in a substantial lessening of competition (“SLC”) within any market in Singapore.
What is the competition policy 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..

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.

The Competition Act prohibits conduct that constitutes an abuse of a dominant position in a market, including conduct that protects, enhances or perpetuates the

The section prohibits anti-competition activities in Singapore in the form of formal and informal agreements between two or more undertakings with the objective of harming competition in any market. The prohibited activities include: Cartels: Attending a cartel meeting irrespective of agreement on the outcome.

How does CCCS enforce the Competition Act?

In administering and enforcing the Competition Act, CCCS adopts a two-pronged approach of enforcement and advocacy.
CCCS enforces the Act by taking action against anti-competitive activities and its focus is on activities that have a significant adverse impact on the economy.

Is a merger anticompetitive in Singapore?

Section 54 prohibits mergers that have resulted, or are expected to result, in a substantial lessening of competition within any market in Singapore for goods and services.
In determining whether a merger is anticompetitive, the CCCS will assess whether the merger leads to a substantial lessening of competition.

Main Rules

The Competition Act 2004 (the “Competition Act”) is the primary statute which governs competition law in Singapore, and aims to protect consumers and businesses from anticompetitive practices in Singapore.
It prohibits three types of anticompetitive conduct:.
1) Anticompetitive agreements, decisions and practices (the “section 34 prohibition”);.
2) A.

Sanctions

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.
The amount of the penalty imposed may be up to 10 per cent of the turnover of the business of the undertaking in Singapore for each year of infringement, up to.

Why is the Competition Act enacted?

The Competition Act was enacted to provide a generic competition law to protect consumers and businesses from anti-competitive practices of private entities.
The Competition Act has three prohibitions.
The regulations and orders are made pursuant to the powers conferred under the Competition Act 2004.

Competition law and policy in singapore

What is Section 47 of the Competition Act in Singapore?

What is Section 54 of the Singapore Competition Act?

What is the competition policy in Singapore?

How does CCCS enforce the Competition Act?

Is a merger anticompetitive in Singapore?

Main Rules

Sanctions

Why is the Competition Act enacted?