Full content visible, double tap to read brief content. Save for Later. (c) Includes an in-depth discussion of competition policy in Singapore. (b) Considers the decisions and notices issued by the CCS. This specific ISBN edition is currently not available. Since the first edition was published, the Singapore competition law regime has developed considerably. New enforcement decisions have created a small but growing depository of local cases which will continue to shape the development and practice of competition law in Singapore. Corinne Chew Who Should Attend Legal practitioners 290 p. Includes: index, bibliography. Market studies undertaken by the CCS into the industrial property, retail petrol and airline sectors. (b) Considers the decisions and notices issued by the CCS. Type. Business investors and companies will benefit from building a compliance program in their business model that educates their staff and management about the competition related laws to reduce the risks of potential business infringement. It also analyzed reviews to verify trustworthiness. [This book] also illustrates the fine balance that has to be struck in practice between the needs of a dynamic economy and the interpretation of the legal guidelines that govern competitive behaviour. 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Former Chairman, Competition Commission of Singapore, Cavinder Bull SC Accreditation: The whole publication is available at : The Evolution of Antitrust in the Digital Era: Essays on Competition Policy. Section 47 prohibitions do not apply in certain circumstances and to certain organizations as specified in the Third Schedule of the Act. Extremely humbled and thankful that I made the shortlist for Competition Future Leaders - Economists 2022. Researching and Validating Your Startup Idea. Contracts. The majority of information is sourced from the website of market watchdog Competition Commission of Singapore; additional data has been obtained from the Singapore Law portal www.SingaporeLaw.sg. Scott Clements | Contact this seller. Competition Law and Policy in Singapore Cavinder Bull, Lim Chong Kin. The training could be offered as part of the induction programme for new staff and on a regular basis thereafter to reinforce the compliance message and keep staff updated on any changes in business practices and the law. Fair and effective competition contributes to improvements in economic efficiency, economic growth and development, as well as consumer welfare. Competition law in Singapore 3 Singapore if there is a sufficient anti-competitive effect within Singapore. In case of a merger between more than two undertakings, the outcome should be such that a real or hypothetical combination of three largest players in the market yields to a cumulative stake less than 70% of the total market. 0.0. , ISBN-10 : CCS encourages pro-market mergers that create product alternatives for buyers by creating rivals to an incumbent vendor, and neutral mergers that have little impact on market. However, conduct that protects, enhances or perpetuates a firms dominant position in ways unrelated to competitive merit is prohibited. The section prohibits anti-competition activities in Singapore in the form of formal and informal agreements between two or more undertakings with the objective of harming competition in any market. About. Any business professional planning to operate in the Singapore market should be familiar with this topic. . The Act prevents unfair trade practices and restricts the formation of cartels and monopoly activity in trade. , Language and Law ", is an insightful account of the origins of the Singapore competition law regime, encompassing the policy considerations, the process of examination of other competition These circumstance are: Section 54 Prohibition bars mergers between undertakings if such a merger can result in significant reduction of competition in Singapore irrespective of their occurrence at home or abroad. US$ 3.90 ERIA-DP-2015-53 ERIA Discussion Paper Series Competition Law and Policy in Singapore Burton ONG National University of Singapore August 2015 Abstract: This paper provides This book provides a comprehensive guide to how competition laws in Singapore will be . (e) Covers a thorough exploration of investigation and enforcement under the Competition Act. The law holds that it is sufficient for prosecution to make a case against dominant player by merely showing the likely damage caused by their actions on market competition. Chia Voon Jiet According to the CCS, a company is deemed to exert a decisive influence over another if it claims ownership of more than 50 % rights of the other undertaking. The country recognizes the need to ensure that its markets operate in a fair and transparent manner. Also exempted from prohibitions of the Competition Act are mergers between SMEs, the entities listed under the Fourth Schedule of the Act and the mergers related to activities specified in the Third Schedule. Contents Highlights important lessons and learning points from these developments. The Competition Law Practice Group, co-headed by Cavinder Bull, SC, and Lim Chong Kin, comprises an experienced and highly qualified team which handles competition and regulatory matters both generally under the Competition Act as well as in the carved-out sectors such as telecommunications, media, energy and post. Private. (b) Considers the decisions and notices issued by the CCS. an analytical framework for identifying and evaluating potential infringements of competition law prohibitions; an awareness of the practical significance of competition law compliance to undertakings engaged in commercial transactions that prevent, restrict or distort competition in Singapore. the prevention, restriction or distortion of competition . Covers in detail significant developments in Singapores competition law environment since the first edition, including: The introduction of the Competition (Financial Penalties) (Amendment) Order 2010; The revised Competition Commission of Singapore Guidelines on Merger Procedures 2012; and. Conduct necessary to avoid conflict with Singapores international obligations. S$80 | Condition: Brand new | BRAND NEW Competition Law and Policy in Singapore (2nd Edition) Since the first edition was published, the Singapore competition law regime has developed considerably. An undertaking if found guilty can be imposed a financial penalty of up to 10% of its total business turnover for each year of infringement, up to a maximum period of three years. It can also impose a financial penalty of up to 10 % of the annual turnover of the guilty firm for each year of infringement, up to a maximum of three years. Competition Law and Policy in Singapore is unique as it not only explains the Competition Act (which other authors have done) but it goes further as it: (a) Deals with the guidelines issued by the Competition Commission of Singapore ("CCS"). Competition Law and Policy in Singapore: The First 10 Years Almost 10 years have passed since Singapore passed the Competition Act 2004, a landmark piece of legislation that was intended to complement the city-state's market liberalization reforms and achieve compliance with its free trade agreement obligations (Ong, 2006). Training on competition law itself and on the business' policies and procedures in relation to compliance should be conducted. (c) Includes an in-depth discussion of . So are consolidations that boost net economic efficiency in terms of real time gains that outweigh any harm to the competition caused by the merger. . Brief content visible, double tap to read full content. Location. A firm is considered to exert control over another firm if it can significantly influence the latters activities by right of its ownership, or by the right to use the latters assets or by virtue of agreements which enable it to exert significant influence over composition, voting and decision-making function of the latter. Condition: Very Good. Yet, the act holds that threshold limits are merely indicative of potential competition risks and may not necessarily harm competition in the absence of countervailing factors. Moreover, Cambodia updated the progress of enacting its competition law, with the Law expected to be promulgated before the end of the year. Competition Law and Policy in Singapore is unique as it not only explains the Competition Act (which other authors have done) but it goes further as it: (a) Deals with the guidelines issued by the Competition Commission of Singapore ("CCS"). Competition Law and Policy in Singapore is unique as it not only explains the Competition Act (which other authors have done) but it goes further as it: (a) Deals with the guidelines issued by the Competition Commission of Singapore ("CCS"). : Restrictions also apply on economically independent firms who collude to adopt common policies to create a collective dominant position, so as to exploit the market. Should you pursue funding for your startup? However, these penalties can be enforced only after CCS has ruled that a violation has occured and the defendants right to appeal has been exhausted. Competition Law and Policy in Singapore is unique as it not only explains the Competition Act (which other authors have done) but it goes further as it: (a) Deals with the guidelines issued by the Competition Commission of Singapore (CCS). Competition Policy and Law (CPL) Competition policy helps to promote and protect the competitive process and provides a level playing field for all enterprises. Please try again. Modelled after the UK Competition Act 1998, the law is administered and enforced by Competition Commission of Singapore (CCS), a statutory body that investigates and adjudicates instances of violations of the Act by market participants. Condition: Very Good Soft cover. (b) Considers the decisions and notices issued by the CCS. Section 47 Prohibition does not prevent undertakings from having a dominant position or striving to achieve it by offering cheaper or more innovative products. There was an error retrieving your Wish Lists. Officially known as The Competition Act 2004, the law has been effective since July 1, 2007 and promotes efficient markets at home. There is fairly little written about competition law in Singapore to date. So are agreements made by the groupings of Small and Medium Enterprises (SMEs) in manufacturing and services sectors. Additional information about section 47 prohibitions is available in this document published by the CCS. Learn more. Top subscription boxes right to your door, 1996-2022, Amazon.com, Inc. or its affiliates, Learn more how customers reviews work on Amazon. , ISBN-13 Read instantly on your browser with Kindle Cloud Reader. Clauses. This book provides a . Lim Chong Kin Sorry, there was a problem loading this page. A dominant position that is abusive; and. An effective compliance program will also protect them against anti-competition activities of their rivals by raising awareness and alertness to such activities. This book provides a comprehensive guide to how competition laws in Singapore will be implemented, and how businesses, practitioners and students should navigate the regime. This article draws heavily on two sources for its information given their depth of knowledge and credibility in the market. : There was a problem loading your book clubs. This is immensely useful in our search for a more vibrant, efficient and competitive Singapore economy., Lam Chuan Leong 170 The minimum fine is set at RMB 5,000, Article 82, the E-commerce Law. This section provides a check on abuse of dominant position by large companies operating in one or more markets in Singapore. This paper provides a bird's eye view of developments in field of competition law and policy in Singapore over the past 10 years, highlighting the progress made in the areas of enforcement, regulatory policy and advocacy.