20 March, 2018
On 8 February 2018, MyCC proposed, inter alia, to impose a financial penalty on seven tuition and day care centres by reason of their collective agreement to fix fees in the SS19 Subang Jaya area. Such an arrangement infringes section 4 of the Competition Act 2010 (“CA 2010”). Price fixing is a serious offence under the CA 2010.
MyCC’s action against the tuition and day care centres demonstrates its stance in respect of horizontal price fixing agreements. It also demonstrates how seemingly small enterprises are not precluded from competition law oversight and sends a clear message that all enterprises, whether big or small, are not to engage in anti-competitive practices.
For further information, please contact:
K Shanti Mogan, Partner, Shearn Delamore & Co
shanti@shearndelamore.com
