Legal Updates for July 2023

Cambodia's Law on Competition and Relevant Implementation Regulations

The Law on Competition, which covers all persons conducting business activities, or supporting business activities, that significantly prevent, restrict, and distort competition in Cambodia's market, came into force on 6 October 2021. Subsequently, various regulations have been issued to facilitate the implementation of the Law on Competition, which touch on the areas of the investigation and fines, interim measures, negotiated settlements, business combinations and the relevant thresholds. This Update highlights the key features and provides a summary of these regulations.

Sub-Decree on the Implementation of Law on Investment

On 26 June 2023, the Royal Government of Cambodia adopted Sub-Decree No. 139 ANKr.BK on the Implementation of Law on Investment ("Sub-Decree"), which aims to implement the provisions of the Law on Investment promulgated on 15 October 2021. The Sub-Decree consists of 7 chapters and 28 articles, and applies to all qualified investment projects, expanded QIPs, and guaranteed investment projects registered with the Council for the Development of Cambodia or the Provincial-Municipal Investment Sub-Committees.

This Update highlights some key features of the Sub-Decree.