The Malaysia Competition Commission (the “MyCC”) has indicated its intention to introduce merger control provisions on several occasions. In furtherance of this intention, the MyCC has initiated the amendment process of the Competition Act 2010 of Malaysia, with a plan to table it in the Parliament by the end of 2021.
The Competition Act 2010 of Malaysia (the “Act”) has been in force for about 10 years (since 1 January 2012). The Act prohibits:
• anti-competitive agreement; and
• abuse of dominant position,
but there is no merger control regime in Malaysia, except for certain regulated industries like the aviation and communications & multimedia sectors. The MyCC has commented that, due to the absence of a merger control framework in the Act,...To read the full article, please see the PDF file
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Asia Newsletter (September 17, 2021) (1.12 MB / 3 pages)
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Authors
After six years of practice in the Tokyo office, Daisuke was seconded to a law firm in the U.S. He joined the Singapore office in 2014 and has managed various M&A transactions including share transfer, subscription of new shares, joint venture formation/dissolution, business transfer, merger, business alliance, etc. in Malaysia, Singapore, Indonesia, the Philippines, and other Southeast Asian countries. Currently, he focuses on Malaysian practice. He provides appropriate advice to clients based on local practices with over seven years of experience in Southeast Asian matters.
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She previously lived in Malaysia, Vietnam and Singapore and is fluent in English, Mandarin, Cantonese and Malay. She has extensive experience and local expertise to advise clients from both legal and practical perspective.
She was admitted to the Malaysian Bar in 2013 and is the managing partner of our strategic alliance firm in Malaysia, WM Leong & Co. She is also a partner at Nishimura & Asahi (Singapore) LLP.