Singapore legislation
Clause 3
Clause 3
Amendment of section 33
Section 33 of the Competition Act is amended by deleting subsection (1) and substituting the following subsection:“(1) Notwithstanding that —
an agreement referred to in section 34 has been entered into outside Singapore;
any party to such agreement is outside Singapore;
any undertaking abusing the dominant position referred to in section 47 is outside Singapore;
an anticipated merger will be carried into effect outside Singapore;
a merger referred to in section 54 has taken place outside Singapore;
any party to an anticipated merger or any party involved in a merger is outside Singapore; or
any other matter, practice or action arising out of such agreement, such dominant position, an anticipated merger or a merger is outside Singapore,this Part shall apply to such party, agreement, abuse of dominant position, anticipated merger or merger if —
such agreement infringes or has infringed the section 34 prohibition;
such abuse infringes or has infringed the section 47 prohibition;
such anticipated merger, if carried into effect, will infringe the section 54 prohibition; or
such merger infringes or has infringed the section 54 prohibition,as the case may be.”.