Competition Law: When Dominance Becomes a Problem
from Enterprise Explores Hosted by BFM Media
With Google's massive antitrust trial in the headlines and Malaysia set to amend its own Competition Act, the rules of fair play in business are under the spotlight. But what do these laws actually mean for businesses on the ground, and could you be accidentally breaking them? Competition law expert Tan Shi Wen, a Partner at Skrine, joins us to demystify this complex area. She explains the two main prohibitions under Malaysian law, why the rules apply to SMEs just as much as corporate giants, and the severe financial and reputational risks of getting it wrong. We discuss: The two main prohibitions in Malaysian competition law. Why the law applies to all businesses, not just dominant players. The very broad definition of an "agreement" (and its hidden risks). The severe penalties for non-compliance: up to 10% of worldwide turnover. The upcoming changes to the Competition Act, including a new merger control regime. For business owners of all sizes, this is a guide to understanding your compliance obligations and competing on merit in today's regulated market.
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