The following Competition guidance note Produced in partnership with Allen & Gledhill LLP provides comprehensive and up to date legal information covering:
A conversation with Daren Shiau, partner, and Elsa Chen Weifen, partner and chief economist at Singapore law firm Allen & Gledhill LLP, on key issues on merger control in Singapore.
NOTE–to see whether notification thresholds in Singapore and throughout the world are met, see Where to Notify.
The merger regime under the Competition Act, Chapter 50B of Singapore (the Competition Act) came into force in 2007. Since the start of the regime, the Competition and Consumer Commission of Singapore (the CCCS) has received over 70 merger control notifications, of which, 16 progressed to a Phase 2 review for complex mergers, three were granted conditional clearance subject to commitments, six were withdrawn by the merging parties.
While the CCCS’ merger notification regime is voluntary, the CCCS has also been actively investigating transactions which have not been notified. Such investigations may be triggered by the CCCS through its horizon-scanning mechanism or by third party complaints. Most recently, the CCCS issued an infringement decision for an unnotified transaction in 2018. In the decision, the CCCS cited the failure to notify as an intentional or negligent infringement of Singapore competition laws, which cumulated
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