Various developments in the legal and business spheres have impacted competition law and its application, for instance, the rise of e-commerce platforms competing in multiple market segments offering distinct products and/or services in Singapore and Southeast Asia.
Taking into account the findings and recommendations from its e-commerce platform market study report, amendments to the Competition Act in 2018, its experience in administering and enforcing the Act since the Guidelines were last revised, as well as international best practices, the Competition and Consumer Commission of Singapore (“CCCS“) has revised various CCCS Competition Guidelines for enhanced clarity and guidance.
The revised CCCS Competition Guidelines will take effect from 1 February 2022.
This Update briefly highlights several key changes to the relevant Guidelines that may be of pertinence to businesses.
For more information, click here to read the full Legal Update.