News Alert: MyCC Issues Another Proposed Decision For Bid Rigging Against Seven Enterprises
Previously, we have highlighted the Malaysia Competition Commission (“MyCC”)’s intense efforts in investigating suspected bid rigging activities in Malaysia following its revelation that it is investigating 500 companies suspected of being involved in rigging the bidding process of contracts worth RM2 billion across industries.
Legal Update – Apex Court in Malaysia Dismissed MyCC’s Bid to Review MYR10 million Market Sharing Case Against MAS and AirAsia
On 1 November 2023, the Federal Court (the apex court in Malaysia), presided over by YAA Tan Sri Abang Iskandar Abang Hashim (President of the Court of Appeal) and hearing together with YA Datuk Zabariah Mohd Yusof and YA Datuk Harmindar Singh Dhaliwal, unanimously dismissed the Malaysia Competition Commission’s (“MyCC”) application under Rule 137 of the Rules of the Federal Court 1995 to review an earlier decision made by the Federal Court.
Legal Update – High Court Quashed MyCC’s Proposed Decision against Grab on Grounds of Procedural Impropriety and Breach of Natural Justice
On 2 October 2023, the High Court delivered its full written grounds to quash the proposed decision of Malaysia Competition Commission (“MyCC”) dated 23 September 2019 against Grab Inc. and its subsidiaries, MyTeksi Sdn. Bhd. and GrabCar Sdn. Bhd. (collectively, “Grab”) (“Proposed Decision”) on grounds of procedural impropriety and breach of natural justice.
Legal Update – Competition Appeal Tribunal’s Decision in Malaysia’s First Bid Rigging Case under Section 4 of the Competition Act 2010
On 19 September 2023, the Competition Appeal Tribunal (“Tribunal”) delivered its decision in respect of the first bid rigging case under Section 4 of the Competition Act 2010 (“Act”) in Malaysia.
Infographic: Competition Law on Bid Rigging in Malaysia
Bid rigging undermines the integrity of competitive tender process and often results in inflated prices and a lack of transparency. To combat this unethical behaviour, governments and regulatory bodies around the world have implemented bid rigging laws and regulations.
Bid Rigging Series: Public Procurement in Malaysia – Navigating the Crossroads of Bid Rigging and Bribery
Do you participate in government tenders? Are you aware of the laws governing public procurement in Malaysia? If you do, the discussion below will apply to you.
Beyond “One Share, One Vote”: Listing of Dual-Class Shares on Bursa Malaysia
In conjunction with the tabling of Revised Budget 2023 on 24 February 2023, the Prime Minister and Finance Minister of Malaysia, Datuk Seri Anwar Ibrahim, unveiled the government’s plan to facilitate the listing of dual-class shares on Bursa Malaysia as part of its strategic efforts to promote the listing of local high-growth technology companies on the Malaysian bourse.
Bid Rigging Series: Insights from Competition Regulators in Malaysia and Other Jurisdictions
Previously, we discussed the basics of bid rigging, including the common forms of bid rigging and the consequences it may bring about.
In this session, we dig deeper into the approach taken by the competition authority in Malaysia, as well as some other jurisdictions when it comes to bid rigging.
Malaysia Competition Law: The role of merger control regime in safeguarding consumer interests
Last month, 7-Eleven Malaysia Holdings Bhd announced that it has agreed to dispose of its entire 75% stake in Caring Pharmacy Group Bhd to BIG Pharmacy Healthcare Sdn Bhd for RM637.5 million. The acquisition includes all of Caring’s subsidiaries and associate companies, as well as its manufacturing and distribution of in-house products in Malaysia.
Malaysia Health White Paper 2023: Malaysia’s Path to Health System Reform through Public-Private Partnerships
On 15 June 2023, the Malaysia Parliament passed the Health White Paper prepared by the Ministry of Health. The Health White Paper highlights the need for reform towards a more equitable, sustainable, and resilient health system and proposes reforms covering key areas such as service delivery, promotive and preventive approaches, financing, human resources for health and system governance over a 15-year period.