Regional Competition Bites Q2 2024
We are pleased to present our 2nd Regional Competition Bites for 2024. The second quarter has seen extensive enforcement action, increased merger reviews across a larger number of countries and significant regulatory and policy developments across Southeast Asia.
Strong enforcement against anti-competitive practices and cartelistic conduct has been the highlight of this quarter, including decisions by competition authorities in Indonesia, Singapore, Malaysia, and Thailand. On the merger front, M&A activities have picked up which means more merger notifications and investigations against non-notified mergers, including reviews and investigations of mergers in Singapore, Philippines, and Vietnam. On the policy front, Cambodia has published new competition regulations, while Vietnam's consumer protection law is now in full force.
These developments bode well as the growth of competition law and consumer protection capabilities in the region show no sign of slowing, and regulators here are well-placed to collaborate and leverage one another's expertise. The Rajah & Tann Asia Competition & Antitrust Team remains committed to staying abreast of the dynamic landscape of competition law in the region and stands ready to assist.