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Subject A Report on Singaporean Competition Law(2012)
Date of Issue 2013-03-05 Name 경쟁정책본부
Category/Office Research > Competition Programme
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[ A Report on Singaporean Competition Law(2012) ]
 
ㅁCo-Authors : Ee Kia Ng(Co-Head of Drew & Napier's Competition Law & Regulatory Practice)
                                   Chaong Kin Lim(Co-Head of Drew & Napier's Competition Law & Regulatory Practice)
                                   Soon Sik Ju(Senior Advisor at Yulchon LLC)
                                   Cecil Saehoon Chung(Co-Vice Chair of the Antiturst Practice Group and Head of International Antitrust
                                   at Yulchon LLC)
                                   So Yeon Yoon(Associate at yulchon LLC)
                                   Tae Yong Kim(Associate at Yulchon LLC)

In this age of globalisation, the business activities of a company based in a particular country may affect the national economies of a number of countries. As the pace of globalisation has increased, so has the number of countries that have adopted competition enforcement regimes. Indeed, approximately 80 countries have adopted competition enforcement regimes at present. Needless to say, the competition law of each such country may have its own unique characteristics.

 The competition laws of all these countries may bear on the business activities of a company in this age of globalisation. More specifically, the company is subject to the competition laws of foreign countries where it has business dealings, as well as the competition law of its domicile country. This is because the competition laws of most countries provide for their extraterritorial application. In light of the global reach of competition law in general, this Report is aimed at providing an analysis of Singaporean competition law that will guide companies around the world in their Singapore-related business dealings.

 

The adoption of competition enforcement regimes around the world is a relatively recent phenomenon: In the early 1980s, there were only about 20 countries that had adopted competition enforcement regimes. Thus, countries that have adopted competition enforcement regimes within the last decade or so have turned to those with greater experience in competition enforcement. This Report, which analyzes the competition enforcement regime of one of the most developed economies in Asia, will hopefully prove useful to those countries currently contemplating the adoption of a competition enforcement regime.


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