Vietnam: Merger Control - Three Years After the Grab/Uber Case
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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Hikaru took the initiative in launching the firm’s ASEAN practice in 2010, and since she has supported various Japanese and international companies' new entry, expansion of their business, strategic investment, group restructuring, risk management, disputes, as well as exit deals. With her deep understanding of the nature of issues, as well as the business background and cultural and political context in each country, she is known for providing practical advice by working closely with the clients' business team in each jurisdiction. As a key member of our Diversity & Inclusion Committee, she has played a key role in many of our diversity and inclusion initiatives, particularly over the past few years. Our firm was named the winner of the region’s Law Firm: Diversity & Inclusion Category at FT Innovative Lawyers Awards Asia-Pacific 2021 and winner of Outstanding Firm for D&I (Regional) at Chambers D&I Awards Asia-Pacific 2020.