Topline Competition: Merger notifications in Singapore are necessary where thresholds are close to being or are crossed. A failure to notify can result in investigations and if a substantial lessening of competition (SLC) is found, penalties and remedies can be imposed. The Competition and Consumer Commission of Singapore (“CCCS”) regularly does review transactions occurring to ascertain if notification in Singapore ought to be made as well. CCCS has the power to issue remedies, including interim measures where potential mergers are still being negotiated, and mandate notification as part of the remedies, failing which the merger will be prohibited from being implemented.
This brief note is a topline reminder to businesses, and provides basic information on thresholds and steps to take.
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