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Malaysia's merger control plans include one-year grace period, 10 percent transaction value fines

By Jet Damazo-Santos ( August 28, 2024, 02:35 GMT | Insight) -- If Malaysia’s competition-law amendments are tabled in parliament by October as planned, the country could have a functioning merger-control regime by the fourth quarter of 2025, according to the regulator’s chief executive. Speaking to a forum in Singapore, Malaysia Competition Commission Chief Executive Iskandar Ismail said his agency would give everyone a one-year grace period, once the approval has gone through parliament. Companies that fail to meet notification requirements can face a fine of up to 10 percent of the value of the transaction.If Malaysia’s competition law amendments are tabled in parliament by October as planned, the country could have a functioning merger control regime by the fourth quarter of 2025, according to the regulator’s chief executive. ...

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