Friday, 24 November 2017
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Competition Law

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CCS initiates In Depth Review of proposed Merger between Maritime Products Suppliers

CCS received a notification for decision on 10 August 2017 on whether the proposed acquisition by Wilhelmsen Maritime Services AS (“WMS”) of sole control over Drew Marine’s technical solutions, fire, safety and rescue businesses (“Drew Marine Technical Solutions” or “DMTS”)[1] (the “Proposed Transaction”) would infringe the prohibition in the Competition Act (Cap. 50B) against anticompetitive mergers.[2]

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Draft Bill against Real Estate Monopolies sent to Attorney General

A draft bill to prevent real estate monopolies and increase government tax revenue is being submitted to the Attorney General’s office, according to Deputy Planning and Finance Minister U Maung Maung Win.
Date: 01 November 2017; Type: Legal News; Source: Myanmar Times

Most Reports received by MyCC are Bid-rigging Cases

KUALA LUMPUR, Oct 30 (Bernama) - The Malaysian Competition Commission (MyCC) received 340 complaints on various cases under the Competition Act since 2012 until October 2017, involving the imposition of penalties amounting to RM23.4 million.
Date: 30 October 2017; Type: Legal News; Source: Bernama

CA affirms P70-B PLDT, Globe Buyout of SMC Telco Assets

MANILA, Oct 23 (PNA) - The Court of Appeals (CA) upheld the legality of the PHP70-billion buyout of telco assets of San Miguel Corporation (SMC) by the Philippine Long Distance Telephone Company (PLDT) and Globe Telecommunications.
Date: 23 October 2017; Type: Legal News; Source: Philippine News Agency

MyCC accepts Undertaking from the Sand Operators of Four Districts in Kelantan

KUALA LUMPUR, Oct 6 - The Malaysia Competition Commission, (“MyCC”) has accepted an undertaking from a group of sand operators in Kelantan concerning the alleged fixing of sand prices for the territories of Kota Bharu, Pasir Mas, Tanah Merah and Machang in Kelantan.
Date: 06 October 2017; Type: Legal News; Source: Bernama

CCS consults on the Proposed Merger of Essilor International (Compagnie Generale d’Optique) SA and Luxottica Group SpA

The Competition Commission of Singapore (“CCS”) is conducting a public consultation from 19 September 2017 to 4 October 2017 to invite interested parties to provide feedback on the proposed merger of Essilor International (Compagnie Generale d’Optique) S.A. (“Essilor”) and Luxottica Group S.p.A. (“Luxottica&rdquo ...
Date: 19 September 2017; Type: Legal News; Source: Competition Commission

CCS consults on the Proposed Poultry Slaughtering Hub

The Competition Commission of Singapore (CCS) is seeking feedback on the Proposed Joint Venture between Mr. Tan Chin Long, Kee Song Holdings Pte. Ltd., Sinmah Holdings (S) Pte. Ltd., Tong Huat Poultry Processing Factory Pte. Ltd. and Tysan Food Pte. Ltd.
Date: 14 September 2017; Type: Press Release; Source: Competition Commission

PCC reminds Businessmen to play Fair or face Hefty Fines and Penalties

The Philippine Competition Commission (PCC) on Thursday, August 3, reminded businesses to comply with the provisions of the Philippine Competition Act or face hefty fines and penalties.
Date: 03 August 2017; Type: Legal News; Source: Office of the President

Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 18) Order 2017

This Order comes into operation on 3 August 2017.
Date: 02 August 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 229 of 2017; Source: AGC Federal Gazette

Competition Appeal Board upholds Financial Penalty imposed by CCS and dismisses Appeal by Financial Adviser

The Competition Appeal Board (“CAB”) has dismissed the appeal of IPP Financial Advisers Pte. Ltd. (“IPP”) and ordered IPP to pay the financial penalty of $239,851 [1] imposed by the Competition Commission of Singapore (“CCS”) together with interest and costs of the appeal.
Date: 02 August 2017; Type: Legal News; Source: Competition Commission

PCC sees Indications of Anti Competitive Act in Cement Industry

MANILA, Aug 2 - The Philippine Competition Commission (PCC) is seeing indications of anti competitive practice in the cement industry in its ongoing investigation.
Date: 02 August 2017; Type: Legal News; Source: Philippine News Agency

Times Publishing/ Penguin Group Proposed Merger: CCS consults on Commitments provided by Parties to address Competition Concerns

The Competition Commission of Singapore (“CCS”) is inviting interested parties to provide feedback on the proposed commitments by Times Publishing Limited (“TPL”) (“Proposed Commitments”) to address competition concerns raised by CCS in relation to TPL’s proposed acquisition of Penguin Random House Pte. Ltd ...
Date: 26 August 2017; Type: Legal News; Source: Competition Commission

The Philippines shares Initiatives as Newly Established Competition Authority

12 July 2017 GENEVA, SWITZERLAND - The Philippine Competition Commission shared its initiatives and efforts in addressing the challenges in designing a merger control regime, which is one of the main pillars of competition system, at the 16th Session of the Intergovernmental Group of Experts on Competition Law and Policy last July 06 to 07.
Date: 12 July 2017; Type: Legal News; Source: Department of Foreign Affairs

Pinol bans 43 Garlic Importers, admits Cartel exists

MANILA, July 12 - In view of the rising garlic prices in the market, Agriculture Secretary Emmanuel "Manny" Pinol on Wednesday announced he has banned some 43 "traditional" importers who have applied for import permits but failed to utilize it.
Date: 12 July 2017; Type: Legal News; Source: Philippine News Agency

Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 16) Order 2017

This Order comes into operation on 13 July 2017.
Date: 12 July 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 194 of 2017; Source: AGC Federal Gazette

Supervisory Commission to crack down on International Cartel Networks

Jakarta (ANTARA News) - Business Competition Supervisory Commission (KPPU) will be immediately in charge of cracking down on the international cartel networks, chairman of the commission Syarkawi Rauf said at a press con ...

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Draft Bill against Real Estate Monopolies sent to Attorney General

A draft bill to prevent real estate monopolies and increase government tax revenue is being submitted to the Attorney General’s office, according to Deputy Planning and Finance Minister U Maung Maung Win.

more

CA affirms P70-B PLDT, Globe Buyout of SMC Telco Assets

MANILA, Oct 23 (PNA) - The Court of Appeals (CA) upheld the legality of the PHP70-billion buyout of telco assets of San Miguel Corporation (SMC) by the Philippine Long Distance Telephone Company (PLDT) and Globe Telecomm ...

PCC reminds Businessmen to play Fair or face Hefty Fines and Penalties PCC sees Indications of Anti Competitive Act in Cement Industry The Philippines shares Initiatives as Newly Established Competition Authority more

Industry Updates

Request for Feedback on Issues relating to Pekeliling Ketua Pendaftar Bil 2 Tahun 2017

The Bar Council Court Liaison Committee ("CLC") is requesting for Members to provide their feedback on issues faced since the coming into effect of Pekeliling Ketua Pendaftar Bil 2 Tahun 2017: Garis Masa (Timeline) Penyelesaian Kes Jenayah dan Sivil Bagi Mahkamah Rendah, pertaining to timelines for the completion of criminal and civil cases heard at the Subordinate Courts across Peninsular Malaysia.

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EC to request Clarity about Next Election from Constitutional Court

BANGKOK, Nov 22 (NNT) - The Election Commission plans to ask the Constitutional Court for clarification about its authority to hold the next general election.

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Industry Updates

ETDA to produce 12,000 Cyber Security Experts by 2021

BANGKOK, Nov 23 (NNT) - The Electronic Transactions Development Agency (ETDA) and leading institutions in the country have banded together to develop cyper security personnel for the Thailand 4.0 digital era.

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No Reports of Terrorism Financing using Digital Currency in Malaysia - Bank Negara

KUALA LUMPUR, Nov 23 (Bernama) - No cases have been detected in Malaysia of the use of digital currencies for terrorism financing, said Director of Financial Intelligence and Enforcement of Bank Negara Malaysia, Abd Rahman Abu Bakar.

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Government winning War against Contractualization - Bello

The labor department is winning the war to eliminate labor-only contacting and other forms of illegal contracting arrangements, Labor Secretary Silvestre Bello III said yesterday.

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Industry Updates

Attorney General to resurrect Court Cases against Thaksin Shinawatra

BANGKOK, Nov 22 (NNT) - The Office of the Attorney-General is planning to resurrect two cases against former Prime Minister Thaksin Shinawatra as allowed by the new anti-corruption law.

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Industry Updates

Roque is concurrent Presidential Adviser on Human Rights

MANILA, Nov 22 (PNA) - Presidential Spokesperson Harry Roque has been appointed by President Rodrigo Duterte as concurrent Presidential Adviser on Human Rights.

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Industry Updates

KL Court Director meets Court Reporters to improve Ties

KUALA LUMPUR, Nov 22 (Bernama) - Kuala Lumpur Court Director Ahmad Kamar Jamaludin today convened a meeting with court reporters from various media organisations to improve ties and discuss issues related to court reporting.

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Industry Updates

MIDA to help SMEs Gain Access to Global Market

KUALA LUMPUR, Nov 22 (Bernama) - The Malaysian Investment Development Authority (MIDA) aims to create opportunities for small and medium enterprises (SMEs) to access the global market and encourage multinational corporations (MNCs) to utilise local products and services.

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House to work on Priority Bills during SC Chief Impeach Proceedings

House leaders today assured that Congress will remain focused on passing its remaining legislative priorities for the year and will not be distracted by the hearings of the committee on justice on the determination of probable cause of the impeachment complaint filed against Supreme Court Chief Justice Maria Lourdes Sereno.

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Sussing out Weak Links in Cyber Defence

Cyber Security Agency Chief says that the new bill doesn't give agency broad powers to oversee every computer in Singapore, but are only linked to cyber security events.

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Industry Updates

BoT allows Five Banks to operate E-Payment QR Codes

BANGKOK, Nov 18 (NNT) - The Bank of Thailand (BoT) has allowed five financial institutions to fully operate their National E-Payment services from today.

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