Vietnam enacted its first-ever Competition Law in 2004 under which the combined market share of the merging firms was the determining factor as to whether a merger required notification to the local antitrust agency or whether it would be blocked.Grab acquired Uber's hailing platform business in Vietnam as part of a regional package deal in 2018. Following a year-long investigation, the Vietnam Competition and Consumer Authority (VCCA) concluded that the transaction was illegal. As per the then-applicable law, this conclusion rested solely on the fact that the post-deal combined market share exceeded the regulatory threshold of 50%. It was the very first time where VCCA flexed its muscles, seeking to halt an M&A deal. The Competition Council, which was....To read the full article, please see the PDF file
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Asia Newsletter (August 10, 2022) (165 KB / 3 pages)
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Clients value Isamu’s unique insight into the challenges and uncertainties that they face in a dynamic, growing region. In addition to his experience in Vietnam, he has practiced in Tokyo and various other Asian locations, including a secondment to an Indian law firm. He is known for leveraging his international experience and cultural insights into the local legal and commercial practices to resolve complex, cross-border legal issues in a timely manner, working closely with local counsel. He advises on investments at all stages, from inception to post-closing operations, as well as dispute resolution.
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