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News

  • Myanmar competition law ‘go live’ date announced as 24 Feb 2017

    December 22, 2015

    – On 21 December 2015, the Office of the President of Myanmar announced that Myanmar’s competition law will come into force on 24 February 2017. The law (Competition Law No. 9/2015) was passed on 24 February 2015, but was subject to the President determining the date of commencement.
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  • Singapore’s competition law ‘well suited’ to address e-commerce issues: Study

    December 2, 2015

    – The Competition Commission of Singapore has launched a study to look into the growing local e-commerce space, and it finds that industry growth does not “necessarily call for a more or less interventionist approach” by competition authorities.
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  • Can Hong Kong’s new competition law help break the current taxi monopoly?

    November 2, 2015

    – James Marshall and Karen Leung say Hong Kong’s Competition Ordinance, which comes into force in December, 2015, could provide a vital boost to the so-called ‘sharing economy’

    Hong Kong’s tech-savvy consumers expect personalised, convenient and cost-effective services, and the so-called “sharing economy” has developed to meet this demand. New technologies like Uber connect customers directly with suppliers – in this case, by linking passengers with self-employed taxi drivers in more than 300 cities worldwide.
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  • Hong Kong’s competition law to come into force fully

    October 16, 2015

    – Originally enacted in June 2012, the Hong Kong Competition Ordinance is finally expected to come into full effect in the coming months – on 14 December 2015 – after several years of preparation.
    Competition law has been considered a controversial new area of regulatory control for Hong Kong, and has attracted substantial concern from industry. Financial institutions and sponsors alike should therefore review their agreements and practices to assess and eliminate any competition law risks both for themselves and for their portfolio companies.
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  • India’s Competition Refree Asks Google To Explain Charges Of Unfair Market Practices

    September 1, 2015

    – Later this month Google may have to contemplate ways to tweak its search engine business and/or brace for a loss of a tenth of its income as fine, if India’s top anti-trust body finds it guilty of manipulating search results. While this marks the beginning of a long-drawn legal altercation, this could be the most high-profile precedent-setting investigation involving the quasi-judicial Competition Commission of India (CCI).
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  • FTC Issues Guidance on Scope of “Unfair Competition” Under Section 5 of FTC Act

    August 14, 2015

    – In a short statement issued yesterday, the FTC issued guidance regarding how it will interpret Section 5 of the FTC Act. Section 5 is a little-used antitrust statute for which the FTC has issued no guidance in the Act’s 100-year history. It states that “[u]nfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce” are unlawful. When drafting the statute, however, Congress did not define specific acts or practices which would constitute unfair competition, leaving considerable uncertainty in the interpretation of the law.
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  • FTC to Clarify Its Powers to Police Unfair Competition

    August 9, 2015

    – WASHINGTON—The Federal Trade Commission in its 100-year history has never agreed on formal principles for policing companies engaged in “unfair” competition. That looks set to change.

    Members of the FTC are close to a bipartisan agreement to lay out for the first time how the commission views its authority to bring cases against businesses it believes compete unfairly, according to people familiar with the deliberations.
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  • Pfizer and Flynn Pharma accused of breaching competition laws

    August 6, 2015

    – Competition and Markets Authority says companies abused position by raising prices of epilepsy drug by up to 2,600%
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