Singapore (July 1, 2007): Difference between revisions

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''Governed by:''  No. 46 Competition Act of 2004<ref>Enacted Jan 1, 2005, but relevant substantive provisions weren’t enacted until Jan 1, 2006, and merger prohibitions will not come into affect until July 1, 2007.</ref> (hereinafter referred to as “Competition Act”).<ref>http://www.ccs.gov.sg/Legislation/CompetitionAct/index.html</ref>
''Governed by:''  No. 46 Competition Act of 2004<ref>Enacted Jan 1, 2005, but relevant substantive provisions weren’t enacted until Jan 1, 2006, and merger prohibitions will not come into affect until July 1, 2007; see: http://www.ccs.gov.sg/Legislation/CompetitionAct/index.html</ref> (hereinafter referred to as “Competition Act”).<ref>http://statutes.agc.gov.sg/non_version/cgi-bin/cgi_legdisp.pl?actno=2004-ACT-46-N&doctitle=COMPETITION%20ACT%202004%0A&date=latest&method=part</ref>
 


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Revision as of 12:47, 30 August 2007

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Governed by: No. 46 Competition Act of 2004[1] (hereinafter referred to as “Competition Act”).[2]


Category Subcategory Score Comment
Scope Extraterritoriality 1 Section 33 states that the Competition Act’s prohibitions extend to agreements and activity made outside the country.
Remedies Fines 1 Section 83 provides for a general penalty of up to $10,000, though other provisions specify higher amounts
Prison Sentences 1 Section 83 allows imprisonment for 12 months
Divestitures 1 Section 69(2) allows divestiture of improper mergers.
Private Enforcement 3rd Party Initiation
Remedies Available to 3rd Parties 1 Section 86 gives any person affected by anti-competitive actions a right of action for relief in civil proceedings
3rd Party Rights in Proceedings 1 Section 71(1) gives any party affected by a Commission ruling the right to appeal.
Merger Notification Voluntary
Mandatory
Pre-merger
Post-merger
Merger Assessment Dominance
Restriction of Competition 1 Section 54 prohibits mergers that have the effect of lessening competition
Public Interest (Pro D) 1 Section 58(3) enables commission to allow otherwise impermissible merger on public interest grounds.
Public Interest (Pro Authority)
Other
Efficiency
Dominance Limits Access 1 Section 47(2)(b) prohibits limiting production
Abusive Acts 1 Section 47 prohibits abusive acts by dominant firm
Price Setting
Discriminatory Pricing 1 Section 47(2)(c) prohibits price discrimination
Resale Price Maintenance
Obstacles to Entry
Efficiency Defense 1 Section 1 of the Third Schedule states that Section 47 prohibitions do not apply to “any undertaking entrusted with the operation of services of general economic interest”
Restrictive Trade Practices Price Fixing 1 Section 34(2)(a) prohibits price fixing.
Tying 1 Section 34(2)(c) prohibits tying.
Market Division
Output Restraint 1 Section 34(2)(b) prohibits the limit or control of production
Market Sharing 1 Section 34(2)(c) prohibits market sharing
Eliminating Competitors
Collusive Tendering/Bid-Rigging
Supply Refusal
Efficiency Defense 1 Section 41 allows for “block exemptions” of agreements that improve production or development and that promote economic or technical progress; Also, Section 9 of the Third Schedule states that “Section 34 prohibition shall not apply to any agreement which contributes to improving production or distribution; or promoting technical or economic progress”

References

  1. Enacted Jan 1, 2005, but relevant substantive provisions weren’t enacted until Jan 1, 2006, and merger prohibitions will not come into affect until July 1, 2007; see: http://www.ccs.gov.sg/Legislation/CompetitionAct/index.html
  2. http://statutes.agc.gov.sg/non_version/cgi-bin/cgi_legdisp.pl?actno=2004-ACT-46-N&doctitle=COMPETITION%20ACT%202004%0A&date=latest&method=part