Asia Pacific Competition Law Bulletin May 2018
Welcome to the 3rd 2018 edition of our bi-monthly Asia Pacific Competition Law Bulletin. This bulletin is a collaborated product with our Linklaters colleagues (China) and our Allens colleagues (Australia). Expert local law firms contributed to this edition include: Vinod Dhall in collaboration with TT&A (India), Rahmat Lim & Partners (Malaysia), Allen & Gledhill LLP (Singapore), Lee & Ko (South Korea) and Tsar & Tsai Law Firm (Taiwan). We hope that you continue to find this newsletter a useful source of information on competition law issues across the Asia Pacific region.
In this edition, we look at a number of significant merger approvals by authorities in Australia, China, South Korea and Taiwan. In view of the recent merger between Uber and Grab, the competition authority in Malaysia publicly announced its intention to monitor competition on the e-hailing market. Also, there has been judicial clarification on the law on gun-jumping in India.
There have been some institutional developments in the region. This includes the Singaporean competition authority taking on consumer protection functions, and some updates on the membership of the competition authorities in India and Hong Kong. Upcoming reforms of competition law were also enacted and announced in Singapore and South Korea respectively.
Authorities in the region have also been enhancing their guidance to businesses recently. Australia released its findings in its market study in the communications sector. Malaysia started a public consultation on draft guidelines on competition law and intellectual property law. In Hong Kong, local employers were warned against potential anti-competitive practices.
Last but not least, we also cover some interesting new developments on the enforcement front: Australia saw its second successful criminal cartel prosecution, while India had its first successful leniency application, which resulted in fines against manufacturers of zinc-carbon dry cell batteries.