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27 May 2014
Client Alert | South-East Asia - Competition
Cartels are the mother of all anti-competitive conduct. They are agreements between competing businesses not to compete with each other which may lead to price increases, lessen the competitive pressure among market players and ultimately harm consumers and the economy itself. As such, similar to the competition authorities in other countries, the Malaysia Competition Commission (“MyCC”) regards its battle against cartels as its highest priority.
As cartels are typically sophisticated and difficult to discover and deter, competition authorities throughout the world have introduced or adopted a leniency regime, a regime which is universally regarded as the most effective way to investigate cartels. Following its counterparts in other jurisdictions, the MyCC proposes to introduce a leniency regime, and has, to this end, issued the draft Guidelines on Leniency Regime (“Draft Guidelines”) on 15 January 2014.
