I was definitely blur when this Act was first implemented thus the opportunity to attend the briefing on Competition Act 2010 by Malaysia Competition Commission (MyCC) was not to be missed.
The Act was passed by Parliament in May 2010 and gazetted in June 2010. It was enforced on 1st January 2012.
MyCC was established to oversee the implementation of the Act. The Commission will investigate against any anti-competitive practices and will also be empowered to impose financial penalties.
In this regard, cartells be aware, be very aware...
Happy April's Fool Day tomorrow!!!
31 March 2012
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