Identifier
Created
Classification
Origin
07SINGAPORE1077
2007-06-06 09:00:00
UNCLASSIFIED
Embassy Singapore
Cable title:
COMPETITION ACT INCORPORATES MERGERS AND ACQUISITIONS
VZCZCXYZ0002 RR RUEHWEB DE RUEHGP #1077 1570900 ZNR UUUUU ZZH R 060900Z JUN 07 FM AMEMBASSY SINGAPORE TO RUEHC/SECSTATE WASHDC 3294 INFO RUCPDOC/DEPT OF COMMERCE WASHDC RUEAWJA/DEPT OF JUSTICE WASHDC
UNCLAS SINGAPORE 001077
SIPDIS
STATE PASS USTR FOR AUSTR BWEISEL AND JJENSEN
COMMERCE FOR JBAKER
SIPDIS
E.O. 12958: N/A
TAGS: ETRD EINV ECON SN
SUBJECT: COMPETITION ACT INCORPORATES MERGERS AND ACQUISITIONS
AMENDMENTS
REF: 2006 SINGAPORE 3428
UNCLAS SINGAPORE 001077
SIPDIS
STATE PASS USTR FOR AUSTR BWEISEL AND JJENSEN
COMMERCE FOR JBAKER
SIPDIS
E.O. 12958: N/A
TAGS: ETRD EINV ECON SN
SUBJECT: COMPETITION ACT INCORPORATES MERGERS AND ACQUISITIONS
AMENDMENTS
REF: 2006 SINGAPORE 3428
1. Singapore's Parliament approved amendments to the
Competition Act that address mergers and acquisitions on May 21
(reftel). The new provisions, which are expected to come into
effect July 1, 2007, constitute the third and final
implementation phase of the Competition Act, which Singapore
enacted in 2004 as part of its obligations under the U.S.-
Singapore Free Trade Agreement. Phase I involved the
establishment of the Competition Commission of Singapore (CCS)
in January 2005. Phase II covered the implementation of Section
34 (anti-competitive agreements) and Section 47 (abuse of market
dominance) guidelines that came into effect in 2006. The CCS is
expected to issue guidelines in support of the new amendments
shortly.
2. Details about the Competition (Amendment) Bill can be found
at the Ministry of Trade and Industry's website
(http://www.mti.gov.sg). A complete text of the Competition Act
is available at http://www.statutes.agc.gov.sg. Information
about the CCS is available at http://www.ccs.gov.sg
HERBOLD
SIPDIS
STATE PASS USTR FOR AUSTR BWEISEL AND JJENSEN
COMMERCE FOR JBAKER
SIPDIS
E.O. 12958: N/A
TAGS: ETRD EINV ECON SN
SUBJECT: COMPETITION ACT INCORPORATES MERGERS AND ACQUISITIONS
AMENDMENTS
REF: 2006 SINGAPORE 3428
1. Singapore's Parliament approved amendments to the
Competition Act that address mergers and acquisitions on May 21
(reftel). The new provisions, which are expected to come into
effect July 1, 2007, constitute the third and final
implementation phase of the Competition Act, which Singapore
enacted in 2004 as part of its obligations under the U.S.-
Singapore Free Trade Agreement. Phase I involved the
establishment of the Competition Commission of Singapore (CCS)
in January 2005. Phase II covered the implementation of Section
34 (anti-competitive agreements) and Section 47 (abuse of market
dominance) guidelines that came into effect in 2006. The CCS is
expected to issue guidelines in support of the new amendments
shortly.
2. Details about the Competition (Amendment) Bill can be found
at the Ministry of Trade and Industry's website
(http://www.mti.gov.sg). A complete text of the Competition Act
is available at http://www.statutes.agc.gov.sg. Information
about the CCS is available at http://www.ccs.gov.sg
HERBOLD