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LAWS OF MALAYSIA Act 712 COMPETITION ACT 2010 An Act to promote economic development by promoting and protecting the process of competition, thereby protecting the interests of consumers and to provide for matters connected therewith. [1 January 2012, [P.U.(B) 410/2010] ] W HEREAS the process of competition encourages efficiency, innovation
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement.
Legislation. The Competition Act 2010 prohibits anti-competitive agreements and the abuse of dominant position in the market. The Act has been in force since 1 January 2012.
WHAT IS THE OBJECTIVE OF THE LAW? PROMOTE ECONOMIC GROWTH by. PROMOTING AND PROTECTING THE. PROCESS OF COMPETITION . PROTECTING THE. INTERESTS OF CONSUMERS. Targets in the Competition Act 2010. • WHO? ‘Enterprises’. Any entity carrying on commercial activities relating to goods or services. Note: Single economic entity principle. • WHAT?
Aug 1, 2018 · The Competition Act 2010 (“Act”) which came into force on 1 January 2012, has a significant impact on how businesses should carry out their daily activities so as not to infringe the various anti-competition prohibitions under the Act.
Competition authorities play an essential role in helping governments promote stronger and more productive economies by vigorously enforcing existing legal competition frameworks. By detecting and investigating cartels, sanctioning abuses of dominance and blocking anti-competitive mergers, governments ensure the correct functioning of markets.
Jun 24, 2024 · June 24, 2024. Leer en español. Apple is imposing unfair restrictions on developers of applications for its App Store in violation of a new European Union law meant to encourage competition in ...
