Singapore legislation
Regulation 32
Regulation 32
Consent orders
Subregulation 1
If all the parties to an appeal agree on the terms on which to settle all or any part of the proceedings, they may request the Board to make a consent order.
Subregulation 2
A request for a consent order shall be made by sending to the Secretary —
a draft consent order;
a consent order impact statement which is in accordance with paragraph (3); and
a statement signed by all the parties to the proceedings, or their authorised representatives or legal representatives, requesting that an order be made in the terms of the draft consent order.
Subregulation 3
A consent order impact statement shall provide an explanation of the draft consent order, including —
an explanation of the circumstances giving rise to the draft consent order;
the relief to be obtained if the order is made; and
the anticipated effects on competition of that relief.
Subregulation 4
In respect of any request for a consent order, the Board may, as it thinks fit, after hearing the parties —
make the order in the terms requested;
invite the parties to vary the terms and make the order in the terms as varied; or
refuse to make any order.