After investigation, MyCC issued a proposed decision on Feb 22, 2017, on the basis that the Competition Act had been infringed. CAT’s decision regarding Bank Negara will no doubt boost MyCC’s confidence when enforcing competition law in industries where other regulators may assert exclusive powers. CAT’s decision that the Competition Act did not apply to PIAM has severe ramifications curtailing MyCC’s powers against trade associations and their members. Trade associations are a coming-together of competitors in the same industry and, by their very nature, risky endeavours from a competition law perspective. Mervyn Lai (LLM [Dist] Competition Law, University of Glasgow) is a partner at law firm Tommy Thomas Advocates & Solicitors

Source: The Edge Markets November 05, 2022 03:32 UTC