Anti-Competition Law
The Malaysian Competition Act 2010 (“Act”) has come into force since 1 January 2012. What does the competition law mean to most companies and businesses in Malaysia?
The Act prohibits:
(a) anti-competitive agreement which means agreement (a horizontal or vertical agreement) which has the object or effect of significantly preventing, restricting or distorting competition in any market for goods or services in Malaysia; and
(b)any conduct by enterprises which amount to an abuse of a dominant position in any market for goods or services in Malaysia.
Malaysia has introduced competition legislation;
The Competition Act 2010, which came into force on 1st January 2012, and
The Competition Commission Act 2010, which came into force on 1st January 2011.
These legislations contain guidelines prohibiting anti-competition behavior.
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