Regional Outlook, Global Perspective

WHEN AN IRREVERSIBLE MERGER FLOUTS SINGAPORE’S COMPETITION LAW AT CONSUMERS’ EXPENSE

WHEN AN IRREVERSIBLE MERGER FLOUTS SINGAPORE’S COMPETITION LAW AT CONSUMERS’ EXPENSE
Jan 2018, Singapore. Wikimedia Commons

By Kenji Lee & Allen Sng

TODAY Online-Oct 10

The Competition and Consumer Commission of Singapore (CCCS)’ recent imposition of a S$13 million fine on Grab and rival Uber for their merger marks the first time in Singapore’s history that the authorities has imposed a financial penalty for a merger.  Beyond this, the CCCS has further directed Grab to cease its exclusivity tie-ups with drivers and taxi-fleets and to maintain its pre-merger pricing algorithm.

Read more at: https://www.todayonline.com/commentary/when-irreversible-merger-flouts-singapores-competition-law

First published in: Today

 

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