Freeing the Market brings together the relevant legislative texts and guidelines on Competition Law in Malaysia.
Penalties for breach of the Prohibitions can be most severe and include financial sanctions up to an equivalent to 10 per cent of global turnover. Regulatory compliance is thus essential for all businesses of all sizes in all areas of commercial enterprise.
With the above in mind, this guide has been written in plain English, seeking to avoid extensive usage of legal terminology and jargon, which it is hoped will assist its readers in understanding the basics of competition regulation within Malaysia. It ought to be remembered that domestic competition compliance can reduce the risk of cross—border infringement, although not, of course, eliminate the same, because the regulations tend to vary from one jurisdiction to another. In any event, effective domestic compliance is an essential tool for ensuring the maintenance of an established commercial reputation—an essential facet of successful modern national and international business.
Effective domestic compliance is an essential tool for ensuring the maintenance of an established commercial reputation—an essential facet of successful modern national and international business.
The authors, Chan Kok Keong and Gavin Gore-Andrews, are both senior lawyers in their respective legal jurisdictions. Mr Chan, apart from his litigation work in court, has broad interests in law, often esoteric, and hence his involvement in this handbook on law in the UK and other jurisdictions. Since Malaysian Competition Law draws on principles and ideas embedded in US and European legislations, the two authors have usefully provided the reader with the origins of certain provisions and how they could be interpreted in light of other countries’ experiences.