In this issue:
We’re proud to present a special two-part issue, ably organized and managed by Guest Editor Ian McEwin, on the developing ASEAN competition law community. In creating a new economic union, all 10 ASEAN member states agreed to have competition laws in place by the end of 2015. The first part, published last week and viewable here, highlighted progress in Cambodia, Myanmar, Indonesia, and Thailand; this week, we’re bringing you Vietnam, Singapore, Malaysia, and the Philippines. (Ian brings us up to date on Brunei and Laos in his introduction.) Whether exploring the new or existing laws, you’ll be current on the exciting growth in this global competition arena.
ASEAN Competition Law: Part II
While there are many differences between the competition laws, increasing regional integration is likely to lead to greater uniformity and the development of institutional mechanisms to deal with cross-border competition disputes—but these developments are highly unlikely to lead to an ASEAN competition law regulator with supranational powers.R. Ian McEwin (University of Malaya)
However, knowing about the existence of the VCL is just one thing, taking it seriously and using it in practice in quite another thing. LUU Huong Ly (Ministry of Justice, Vietnam)
As such, businesses must familiarize themselves with the legislation in each country and recognize that there is no one-size-fits-all approach. Kala Anandarajah & Dominique Lombardi (Rajah & Tann Singapore LLP)
There is still some way for Malaysia to go and the lack of merger control (for the foreseeable future) remains a significant shortcoming in the Malaysian competition law regime at this stage. Anand Raj, Cynthia Lian, & Wen-Ly Chin (Shearn Delamore & Co., Kuala Lumpur)
This scenario has gradually changed over the years as the Philippines has embraced a competitive drive to perform better as a nation. Geronimo L. Sy (Department of Justice, Philippines)