Singapore: Implemented Competition Amendment Bill (No. 15 of 2018)

On 16 May 2018, the Competition Amendment Bill (No. 15 of 2018) came into effect. The Bill amends Chapter 50B of the Competition Act 2004 to allow the Competition Commission of Singapore to determine if prohibitions against anti-competitive agreements and abuse of dominant positions have been infringed and, if not, whether this is due to an exclusion, exemption, or acceptance of a commitment. Furthermore, the Bill enables the CCCS to accept commitments from parties to address potential competition concerns, thus avoiding the need for formal investigations.