Malaysia: Implemented Competition Act (Act 712) including unilateral conduct regulation

On 1 January 2012, the Malaysian Competition Act (Act 712) entered into force. The Act is applicable to any commercial activity within or outside of Malaysia. The Act prohibits any conduct, either done independently or collectively, which would amount to an abuse of a dominant position. Such behaviour could be unfair price setting, refusing the supply to a certain enterprise, having inconsistent conditions for the purchase of goods or services or any other predatory behaviour towards competitors. The Act also highlights that companies can nonetheless take reasonable commercial actions within the market if it is justified.