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An Act to make provision about competition and the abuse of a dominant position in the market; and to establish the Competition and Consumer Commission of Singapore, to provide for its functions and powers and for matters connected therewith.
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COMPETITION ACT 2004 2020 REVISED EDITION This revised...
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An Act to make provision about competition and the abuse of...
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The Competition Act was enacted to provide a generic competition law to protect consumers and businesses from anti-competitive practices of private entities. The Competition Act has three prohibitions.
27.1.1 The Competition Act 2004 (‘the Act’) was passed by Parliament on 19 October 2004. It is largely modeled after the UK Competition Act 1998. The objective of the Act is to promote the efficient functioning of Singapore’s markets and hence enhance the competitiveness of the economy. A. Overview of the Competition Act 2004.
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. [1] [2] Competition law is implemented through public and private enforcement. [3]
Jan 12, 2024 · The Four “Evils” of Competition Law. Under section 34 of Singapore’s Competition Act (CA), business entities are prohibited from entering into any agreement or engaging in any concerted practice with the object or effect of preventing, restricting or distorting competition.
The Competition Act 2004 (the Competition Act) is the primary statute which governs competition law in Singapore, and aims to protect consumers and businesses from anticompetitive practices in Singapore. It prohibits three types of anticompetitive conduct: anticompetitive agreements, decisions and practices (the section 34 prohibition);
Apr 26, 2024 · Introduction to Singapore Competition Law. Overview. Delivered across four 2-hour sessions over 2 weeks, this online course will provide an overview of the key principles of competition law in Singapore.
