Asia Pacific Competition Highlights January 2021.

In this regional update, we provide you with a practical overview of the most notable antitrust legal developments over Quarter 4 of 2020 and early 2021 that may affect your business.

 

In this issue:

 

Australia

• ACCC files Federal Court proceedings against Peters for exclusive dealing

• Banking cartel case moves to the Federal Court for trial

• Mandatory disclosure requirements for businesses dealing with NSW consumers

 

China

• Consolidated merger control rules come into effect

• Draft Anti-monopoly Guidelines on Platform Economy released

• Landmark decisions impose fines for failure to notify in three VIE-related deals

 

Hong Kong

• HKCC prosecutes first abuse of market power case

• Competition Tribunal issues first disqualification order

 

Indonesia

• Competition law enforcement relaxed to aid economic recovery

• ICC ends 2020 with new management

 

Japan

• Revamped competition law comes into force

 

Malaysia

• Exclusivity for broadband services in residential buildings under scrutiny

• MyCC issues RM 130.2 million fine against 22 general insurers

 

Philippines

• PCC launches separate investigations into the sports promotions, goods and internet service markets

• PCC publishes market studies on the Philippine sugar and corn industries

 

Singapore

• CCCS fines three businesses for engaging in bid rigging conduct

• Singapore introduces new licensing regime for point to point transport operators

 

Taiwan

• Nomination of new commissioners at the TFTC approved

 

Thailand

• TCC provides clarity on exceptions to the market dominance threshold

• New guideline for online food delivery published

 

Vietnam

• VCCA continues to actively conduct merger assessments

• VCCA continues to promote regional cooperation
   

 

For further information, please contact:

 

Stephen Crosswell, Partner, Baker & McKenzie

stephen.crosswell@bakermckenzie.com