Singapore legislation

Clause 3

of Competition (Amendment) Bill

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 —

(a)

an agreement referred to in section 34 has been entered into outside Singapore;

(b)

any party to such agreement is outside Singapore;

(c)

any undertaking abusing the dominant position referred to in section 47 is outside Singapore;

(d)

an anticipated merger will be carried into effect outside Singapore;

(e)

a merger referred to in section 54 has taken place outside Singapore;

(f)

any party to an anticipated merger or any party involved in a merger is outside Singapore; or

(g)

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 —

(i)

such agreement infringes or has infringed the section 34 prohibition;

(ii)

such abuse infringes or has infringed the section 47 prohibition;

(iii)

such anticipated merger, if carried into effect, will infringe the section 54 prohibition; or

(iv)

such merger infringes or has infringed the section 54 prohibition,as the case may be.”.