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Malaysia court releases Grab antitrust decision; MyCC studying next step

( March 20, 2025, 09:27 GMT | Official Statement) -- MLex Summary: Malaysia's Court of Appeal today released the grounds of its decision to dismiss the appeal of the Malaysia Competition Commission, or MyCC, to reinstate its proposed 86.77-million-ringgit fine ($19.5 million) on Grab and its two subsidiaries, Grabcar Sdn and Myteksi, over alleged anti-competitive practices. In the decision announced yesterday, the court said the regulator's appeal was “unmeritorious” and ordered it to pay Grab 50,000 ringgit in legal costs. MyCC chief executive Iskandar Ismail told MLex the commission is studying the judgment before deciding on its next step.The decision is attached. ...

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