By Richard Whish, Cavinder Bull SC and Lim Chong Kin
This book aims to be the definitive text on competition law in Singapore for in-house counsel, lawyers and the business community in Singapore. It includes an authoritative discussion of the three key prohibitions and other constituents parts of the Competition Act and draws on decisions made in Singapore and other relevant jurisdictions to analyse the application of the Act to the markets in Singapore, given the unique economic structure of Singapore and her current stage of development.
- Discusses Singapore's competition policy and explains the rationale for general competition law despite Singapore already pursuing a liberal trade policy
- Particular attention to why vertical agreements are given a blanket exemption in Singapore and the unique feature of the Singapore equivalent of Article 81(3): the Net Economic Benefit Exclusion, in the coverage of exclusion to the Section 34 Prohibition.
- Critical examination of the prohibition against the abuse of a dominant position, arguably the most complex of the three key prohibitions.
- Thresholds used in Singapore for determining what constitutes a merger, the substantial lessening of competition test, exclusions and the monitoring of mergers situations.
- Working mechanism of investigations and appeals and the procedures to follow in pursuit of private action.
- How the Competition Commission of Singapore decides on the appropriate penalty, within its powers, to impose on offenders of the Act.
- Competition Policy in Singapore
- Market Definition
- Agreements Preventing, Restricting or Distorting Competition
- Abuse of Dominant Position
- Investigation, Enforcement and Procedure