Malaysia: Merger Control to be IntroducedAsia Newsletter
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