Malaysia - Grab's Buyout Of Uber's Southeast Asian Business.
Legal News & Analysis - Asia Pacific - Malaysia - Competition & Antitrust
25 May, 2018
The Grab buyout of Uber has attracted the attention of various Competition Commissions. Whilst the Malaysian Competition Act 2010 does not provide for merger controls, anti-competitive considerations may arise by reason of such a merger. The Malaysia Competition Commission is monitoring the implications of the Grab-Uber merger on the Malaysia market to ensure the Grab-Uber merger is in compliance with the Competition Act 2010.
Section 4(1) of the Competition Act 2010 prohibits horizontal or vertical agreements between enterprises which have the object or effect of significantly preventing, restricting or distorting competition in any market for goods or services.
Section 10(1) of the Competition Act 2010 prohibits enterprises from engaging, whether independently or collectively, in any conduct which amounts to an abuse of a dominant position in any market for goods or services.
For further information, please contact:
K Shanti Mogan, Partner, Shearn Delamore & Co