Competition Law In Malaysia

Overview of competition laws.

Competition law in malaysia. Practices as well as to understand the law in more detail. In passing its competition legislation malaysia joined more than 140 countries that have such a law in place. However this law has an. The enactment of competition and antitrust laws in malaysia means that missteps in this area can have a tremendous impact on business reputation and growth opportunities.

Section 2 of the act. A law firm in malaysia. The competition act prohibits the following. The malaysia competition commission mycc has taken the bull by the horns on the tension between intellectual property law and competition law it gazetted guidelines on intellectual property rights and competition law on 5 april 2019.

The malaysia competition commission mycc was established on 1 april 2011 with the purpose of enforcing the competition act 2010 ca 2010. Laws of malaysia act 712 competition act 2010 an act to promote economic development by promoting and protecting the process of competition thereby protecting the interests of consumers and to provide for matters connected therewith. The act applies to all commercial activities within and outside of malaysia so long as the commercial activity transacted outside of malaysia has an effect on competition in any market in malaysia. It has been a busy time for malaysian competition authorities this quarter.

Originally published in july 2013. Agreements which have the object or effect of significantly preventing restricting or distorting competition in malaysia. There is no doubt that this law has brought about major changes to the way business has to be conducted. Guidelines on chapter 1 prohibition by the malaysian competition commission.

Conduct which amounts to the abuse of a dominant position in a market in malaysia. The competition act 2010 the act was gazetted on 10 6 2010 and became effective on 1 1 2012. A proper understanding of how the competition law regime affects the way you do business is vital for strategic growth and success. 1 january 2012 p u b 410 2010 w hereas the process of competition encourages efficiency innovation.