Podcast
Questions and Answers
In the context of Singapore's Competition Act 2004, which of the following scenarios most definitively contravenes Section 34 concerning anti-competitive agreements 'by object'?
In the context of Singapore's Competition Act 2004, which of the following scenarios most definitively contravenes Section 34 concerning anti-competitive agreements 'by object'?
- Competing pharmaceutical companies concurrently announce identical price increases for a non-patented essential drug, citing rising raw material costs and supply chain disruptions.
- Leading construction companies in Singapore enter into a pact to divide upcoming public infrastructure projects geographically, ensuring each secures a predetermined share of the market. (correct)
- Several boutique hotels in a locality decide to jointly promote the region as a tourist destination, sharing marketing costs and visitor data, leading to a marginal increase in average room rates.
- Two major telecommunication firms agree to standardize network protocols to enhance interoperability, inadvertently creating higher barriers to entry for nascent competitors.
Under Singapore's Section 34 Prohibition, an agreement between undertakings will invariably escape scrutiny if the parties involved are in a vertical, rather than horizontal, relationship, irrespective of the agreement's demonstrable anti-competitive effects.
Under Singapore's Section 34 Prohibition, an agreement between undertakings will invariably escape scrutiny if the parties involved are in a vertical, rather than horizontal, relationship, irrespective of the agreement's demonstrable anti-competitive effects.
False (B)
Critically evaluate the evidentiary threshold required by the Competition and Consumer Commission of Singapore (CCCS) to establish a violation of Section 34 based on 'anti-competitive effect,' as distinguished from 'anti-competitive object'.
Critically evaluate the evidentiary threshold required by the Competition and Consumer Commission of Singapore (CCCS) to establish a violation of Section 34 based on 'anti-competitive effect,' as distinguished from 'anti-competitive object'.
To establish a Section 34 violation based on 'anti-competitive effect,' the CCCS must demonstrate that the agreement, while not inherently anti-competitive in objective, demonstrably prevents, restricts, or distorts competition within Singapore. This necessitates a detailed market analysis to prove actual or likely appreciable adverse effects on competition, contrasting with 'by object' infringements where anti-competitive intent is presumed, requiring less direct proof of impact.
According to prevailing interpretations of Section 34, mere _________ by an undertaking in a meeting with an anti-competitive purpose, without explicit and demonstrable disassociation, can be construed as tacit approval and thus a violation.
According to prevailing interpretations of Section 34, mere _________ by an undertaking in a meeting with an anti-competitive purpose, without explicit and demonstrable disassociation, can be construed as tacit approval and thus a violation.
Match the following types of information exchange with their relative risk of contravening Section 34 of Singapore's Competition Act:
Match the following types of information exchange with their relative risk of contravening Section 34 of Singapore's Competition Act:
Consider a scenario where two ostensibly independent companies, operating in a downstream retail market, utilize a common upstream manufacturer. If these retailers engage in concerted practices regarding pricing strategy, which of the following best characterizes the nature of potential Section 34 infringement?
Consider a scenario where two ostensibly independent companies, operating in a downstream retail market, utilize a common upstream manufacturer. If these retailers engage in concerted practices regarding pricing strategy, which of the following best characterizes the nature of potential Section 34 infringement?
Information sharing agreements are per se legal under Singaporean Competition Law if the exchanged data is exclusively non-price related, such as historical sales volumes or aggregated market trends.
Information sharing agreements are per se legal under Singaporean Competition Law if the exchanged data is exclusively non-price related, such as historical sales volumes or aggregated market trends.
Articulate the 'Net Economic Benefit Exclusion' under Singapore's Competition Act and discuss the critical factors that undertakings must demonstrate to successfully invoke this exclusion against a Section 34 Prohibition.
Articulate the 'Net Economic Benefit Exclusion' under Singapore's Competition Act and discuss the critical factors that undertakings must demonstrate to successfully invoke this exclusion against a Section 34 Prohibition.
In the context of bid-rigging, '_________ pricing' is a collusive tactic where a designated bidder submits a deliberately high bid to ensure a pre-selected competitor wins the auction.
In the context of bid-rigging, '_________ pricing' is a collusive tactic where a designated bidder submits a deliberately high bid to ensure a pre-selected competitor wins the auction.
Which of the following information exchanges between competitors is LEAST likely to be scrutinized under Section 34 of Singapore's Competition Act?
Which of the following information exchanges between competitors is LEAST likely to be scrutinized under Section 34 of Singapore's Competition Act?
Under Section 34, agreements aimed at standardizing product dimensions across an industry sector are automatically deemed anti-competitive due to their potential to limit product differentiation and innovation.
Under Section 34, agreements aimed at standardizing product dimensions across an industry sector are automatically deemed anti-competitive due to their potential to limit product differentiation and innovation.
Explain the concept of 'hub-and-spoke' practices in the context of anti-competitive agreements and analyze how such arrangements can violate Section 34, particularly concerning vertical and horizontal dimensions.
Explain the concept of 'hub-and-spoke' practices in the context of anti-competitive agreements and analyze how such arrangements can violate Section 34, particularly concerning vertical and horizontal dimensions.
Agreements that involve allocating geographical areas or categories of consumers/services are classified as _________ sharing, a type of hardcore conduct under Section 34.
Agreements that involve allocating geographical areas or categories of consumers/services are classified as _________ sharing, a type of hardcore conduct under Section 34.
In assessing whether an information exchange has an 'appreciable adverse effect on competition,' which factor would the CCCS likely consider MOST critical?
In assessing whether an information exchange has an 'appreciable adverse effect on competition,' which factor would the CCCS likely consider MOST critical?
For an agreement to be considered 'anti-competitive by object' under Section 34, it is mandatory for the CCCS to prove that the parties explicitly intended to restrict competition; absence of demonstrable intent negates 'by object' classification.
For an agreement to be considered 'anti-competitive by object' under Section 34, it is mandatory for the CCCS to prove that the parties explicitly intended to restrict competition; absence of demonstrable intent negates 'by object' classification.
Discuss the implications of the phrase 'regardless of the subjective intent of the parties for any reason!' in the context of hardcore restrictions under Singapore's Section 34.
Discuss the implications of the phrase 'regardless of the subjective intent of the parties for any reason!' in the context of hardcore restrictions under Singapore's Section 34.
In the EBAA case, the Express Bus Agencies Association was found to have engaged in price-fixing by establishing _________ selling prices and coordinating fuel and insurance charges.
In the EBAA case, the Express Bus Agencies Association was found to have engaged in price-fixing by establishing _________ selling prices and coordinating fuel and insurance charges.
Which scenario most accurately exemplifies 'bid-suppression' in the context of anti-competitive bid-rigging?
Which scenario most accurately exemplifies 'bid-suppression' in the context of anti-competitive bid-rigging?
Under Singaporean Competition Law, concerted practices, unlike formal agreements, are immune to Section 34 Prohibition due to their informal and non-binding nature.
Under Singaporean Competition Law, concerted practices, unlike formal agreements, are immune to Section 34 Prohibition due to their informal and non-binding nature.
Contrast 'price-fixing' with 'information sharing' as categories of anti-competitive agreements under Section 34, highlighting the distinct legal and economic considerations for each.
Contrast 'price-fixing' with 'information sharing' as categories of anti-competitive agreements under Section 34, highlighting the distinct legal and economic considerations for each.
Output limitation, another form of hardcore conduct, directly restricts competition by _________ production levels or use of quotas.
Output limitation, another form of hardcore conduct, directly restricts competition by _________ production levels or use of quotas.
In the CCCS 700/002/14 case involving hotels, the infringement was primarily based on the exchange of:
In the CCCS 700/002/14 case involving hotels, the infringement was primarily based on the exchange of:
The penalties imposed by the CCCS for Section 34 infringements are solely punitive and do not incorporate any element of disgorgement of ill-gotten gains derived from anti-competitive conduct.
The penalties imposed by the CCCS for Section 34 infringements are solely punitive and do not incorporate any element of disgorgement of ill-gotten gains derived from anti-competitive conduct.
Explain how 'information exchanges on individual future prices, output or production' are considered a hardcore conduct under Singapore's Section 34 and why they are treated with such severity.
Explain how 'information exchanges on individual future prices, output or production' are considered a hardcore conduct under Singapore's Section 34 and why they are treated with such severity.
The CCCS 500/7002/14 case penalized fresh chicken distributors for engaging in both price-fixing and _________-compete agreements.
The CCCS 500/7002/14 case penalized fresh chicken distributors for engaging in both price-fixing and _________-compete agreements.
In the context of Section 34 of the Competition Act 2004 (Singapore), which of the following scenarios most definitively constitutes an agreement with the 'object' of preventing, restricting, or distorting competition?
In the context of Section 34 of the Competition Act 2004 (Singapore), which of the following scenarios most definitively constitutes an agreement with the 'object' of preventing, restricting, or distorting competition?
Under Singapore's Section 34 Prohibition, an agreement between undertakings can only be deemed anti-competitive if it demonstrably 'prevents, restricts or distorts competition' in terms of its actual effects on the market, irrespective of the parties' intentions.
Under Singapore's Section 34 Prohibition, an agreement between undertakings can only be deemed anti-competitive if it demonstrably 'prevents, restricts or distorts competition' in terms of its actual effects on the market, irrespective of the parties' intentions.
Critically evaluate the proposition that information exchange between competitors is inherently anti-competitive. Under what specific conditions, if any, might such exchange be permissible without contravening Section 34 of Singapore's Competition Act?
Critically evaluate the proposition that information exchange between competitors is inherently anti-competitive. Under what specific conditions, if any, might such exchange be permissible without contravening Section 34 of Singapore's Competition Act?
Agreements considered 'hardcore restrictions' under Singapore competition law, often categorized as ‘by ______’ restrictions, are presumed to have an appreciable adverse effect on competition without needing extensive market analysis.
Agreements considered 'hardcore restrictions' under Singapore competition law, often categorized as ‘by ______’ restrictions, are presumed to have an appreciable adverse effect on competition without needing extensive market analysis.
Match the following categories of anti-competitive agreements with their corresponding descriptions under Singapore's Competition Act:
Match the following categories of anti-competitive agreements with their corresponding descriptions under Singapore's Competition Act:
Consider a scenario where two companies in a vertical supply chain, a manufacturer and a distributor, enter into an agreement. Which of the following best elucidates the applicability of Section 34 prohibition to this vertical agreement?
Consider a scenario where two companies in a vertical supply chain, a manufacturer and a distributor, enter into an agreement. Which of the following best elucidates the applicability of Section 34 prohibition to this vertical agreement?
The 'Net Economic Benefit Exclusion' under Paragraph 9 of the Third Schedule of the Competition Act provides a blanket exemption for any agreement that demonstrably leads to an increase in overall economic efficiency, irrespective of any concurrent anti-competitive effects.
The 'Net Economic Benefit Exclusion' under Paragraph 9 of the Third Schedule of the Competition Act provides a blanket exemption for any agreement that demonstrably leads to an increase in overall economic efficiency, irrespective of any concurrent anti-competitive effects.
Explain the 'hub-and-spoke' theory of collusion in the context of anti-competitive agreements. How does this concept relate to the enforcement of Section 34, particularly concerning vertical relationships?
Explain the 'hub-and-spoke' theory of collusion in the context of anti-competitive agreements. How does this concept relate to the enforcement of Section 34, particularly concerning vertical relationships?
In the CCS 500/001/11 case concerning price-fixing of monthly salaries for Indonesian Foreign Domestic Workers, the concept of 'passive participation' leading to 'tacit approval' underscores that mere presence in anti-competitive meetings, without explicit __________, can be construed as a violation of Section 34.
In the CCS 500/001/11 case concerning price-fixing of monthly salaries for Indonesian Foreign Domestic Workers, the concept of 'passive participation' leading to 'tacit approval' underscores that mere presence in anti-competitive meetings, without explicit __________, can be construed as a violation of Section 34.
In the CCS 700/002/14 case involving hotels exchanging commercially sensitive information, what was the primary nature of the information exchanged that led to the infringement decision under Section 34?
In the CCS 700/002/14 case involving hotels exchanging commercially sensitive information, what was the primary nature of the information exchanged that led to the infringement decision under Section 34?
According to the principles illustrated in the 'Express Bus Agencies Association (“EBAA”) case', agreements solely addressing fuel and insurance surcharges are generally considered outside the ambit of Section 34 prohibition, as these are pass-through costs and not core pricing elements.
According to the principles illustrated in the 'Express Bus Agencies Association (“EBAA”) case', agreements solely addressing fuel and insurance surcharges are generally considered outside the ambit of Section 34 prohibition, as these are pass-through costs and not core pricing elements.
Illustrate, using a fictitious but realistic scenario in the Singaporean market, how 'information sharing (non-price or historical information)' might still constitute a 'by effect' restriction under Section 34. What specific market conditions or information characteristics would make such exchange problematic?
Illustrate, using a fictitious but realistic scenario in the Singaporean market, how 'information sharing (non-price or historical information)' might still constitute a 'by effect' restriction under Section 34. What specific market conditions or information characteristics would make such exchange problematic?
In contrast to 'hardcore' restrictions, 'by effect' restrictions necessitate a more granular analysis of the _________ context and the actual or likely impact on competition to determine a violation of Section 34.
In contrast to 'hardcore' restrictions, 'by effect' restrictions necessitate a more granular analysis of the _________ context and the actual or likely impact on competition to determine a violation of Section 34.
Which of the following agreements is LEAST likely to be scrutinized under Section 34 of Singapore's Competition Act?
Which of the following agreements is LEAST likely to be scrutinized under Section 34 of Singapore's Competition Act?
Under Singapore's Competition Act, for an agreement to infringe Section 34, it is mandatory to prove that all parties involved had a subjective 'anti-competitive intent'. If subjective intent cannot be established, the agreement cannot be deemed unlawful.
Under Singapore's Competition Act, for an agreement to infringe Section 34, it is mandatory to prove that all parties involved had a subjective 'anti-competitive intent'. If subjective intent cannot be established, the agreement cannot be deemed unlawful.
In the context of Singapore's Competition Act, Section 34, which of the following best delineates the critical distinction between 'object' and 'effect' in the determination of anti-competitive agreements or concerted practices?
In the context of Singapore's Competition Act, Section 34, which of the following best delineates the critical distinction between 'object' and 'effect' in the determination of anti-competitive agreements or concerted practices?
Under Singaporean competition law, a 'gentleman's agreement', lacking legal enforceability and existing solely as an informal understanding between undertakings, unequivocally falls outside the purview of Section 34 of the Competition Act.
Under Singaporean competition law, a 'gentleman's agreement', lacking legal enforceability and existing solely as an informal understanding between undertakings, unequivocally falls outside the purview of Section 34 of the Competition Act.
Articulate three distinct categories of 'hardcore' restrictions, as defined under Singaporean competition law, providing a concise example for each that illustrates its anti-competitive nature.
Articulate three distinct categories of 'hardcore' restrictions, as defined under Singaporean competition law, providing a concise example for each that illustrates its anti-competitive nature.
The exclusion of vertical agreements from Section 34 prohibition in Singaporean Competition Act is predicated on the condition that the agreement's nature does not result in a concerted practice that effectively functions as a _________ agreement, thereby circumventing the intended scope of the exclusion.
The exclusion of vertical agreements from Section 34 prohibition in Singaporean Competition Act is predicated on the condition that the agreement's nature does not result in a concerted practice that effectively functions as a _________ agreement, thereby circumventing the intended scope of the exclusion.
Match the arguments and counterarguments concerning the threshold for establishing 'casual infringing information sharing' under Singaporean competition law with their respective rationales:
Match the arguments and counterarguments concerning the threshold for establishing 'casual infringing information sharing' under Singaporean competition law with their respective rationales:
In the 'hotel cartel' case in Singapore, the CCCS differentiated between corporate and non-corporate customers for hotel room accommodation primarily because:
In the 'hotel cartel' case in Singapore, the CCCS differentiated between corporate and non-corporate customers for hotel room accommodation primarily because:
When the CCCS exercises its discretion to impose a financial penalty under Section 69(2)(d) of the Singaporean Competition Act, market definition is solely relevant for the initial determination of whether a Section 34 infringement has occurred, and plays no role in assessing the quantum of the penalty.
When the CCCS exercises its discretion to impose a financial penalty under Section 69(2)(d) of the Singaporean Competition Act, market definition is solely relevant for the initial determination of whether a Section 34 infringement has occurred, and plays no role in assessing the quantum of the penalty.
Identify and elaborate on the three key categories of anti-competitive practices employed by the capacitor manufacturers in the AECs cartel case, as detailed in the provided text.
Identify and elaborate on the three key categories of anti-competitive practices employed by the capacitor manufacturers in the AECs cartel case, as detailed in the provided text.
In the context of an undertaking attending a meeting with an anti-competitive purpose, the threshold set by the CCCS for demonstrating non-liability under Section 34 requires the undertaking to prove it participated in the meeting without any anti-competitive _________, evidenced by explicitly communicating a divergent stance to competitors.
In the context of an undertaking attending a meeting with an anti-competitive purpose, the threshold set by the CCCS for demonstrating non-liability under Section 34 requires the undertaking to prove it participated in the meeting without any anti-competitive _________, evidenced by explicitly communicating a divergent stance to competitors.
Match the following Singaporean competition law cases with the primary anti-competitive conduct they exemplify:
Match the following Singaporean competition law cases with the primary anti-competitive conduct they exemplify:
For the 'net economic benefit exclusion' under Section 34 of the Singaporean Competition Act to be successfully invoked, an agreement must demonstrably:
For the 'net economic benefit exclusion' under Section 34 of the Singaporean Competition Act to be successfully invoked, an agreement must demonstrably:
Under Singaporean competition law, publicly available information, even when discussed among competitors in a strategic context, can never be considered anti-competitive due to its inherent public nature.
Under Singaporean competition law, publicly available information, even when discussed among competitors in a strategic context, can never be considered anti-competitive due to its inherent public nature.
Explain why 'gentleman's agreements', despite lacking legal enforceability, are nonetheless scrutinized under competition law frameworks like Section 34 of the Singaporean Competition Act.
Explain why 'gentleman's agreements', despite lacking legal enforceability, are nonetheless scrutinized under competition law frameworks like Section 34 of the Singaporean Competition Act.
Price-fixing agreements are deemed the __________ form of restriction of competition due to their direct and immediate impact on market prices and consumer welfare.
Price-fixing agreements are deemed the __________ form of restriction of competition due to their direct and immediate impact on market prices and consumer welfare.
Match the type of 'hardcore restriction' with its corresponding description:
Match the type of 'hardcore restriction' with its corresponding description:
The common misunderstanding regarding the vertical agreements exclusion under Section 34 is that it applies:
The common misunderstanding regarding the vertical agreements exclusion under Section 34 is that it applies:
Vertical agreements, by definition, are invariably excluded from the prohibitions outlined in Section 34 of the Singaporean Competition Act, providing a safe harbor for collaborations along the supply chain.
Vertical agreements, by definition, are invariably excluded from the prohibitions outlined in Section 34 of the Singaporean Competition Act, providing a safe harbor for collaborations along the supply chain.
Articulate the primary rationale behind the argument for a 'higher threshold' for establishing infringement in cases of 'casual information sharing' under competition law.
Articulate the primary rationale behind the argument for a 'higher threshold' for establishing infringement in cases of 'casual information sharing' under competition law.
In the Singaporean hotel cartel case, the commercially sensitive information exchanged among competing hotels primarily related to _________ for corporate hotel room accommodation, revealing strategic pricing and market share intentions.
In the Singaporean hotel cartel case, the commercially sensitive information exchanged among competing hotels primarily related to _________ for corporate hotel room accommodation, revealing strategic pricing and market share intentions.
For an undertaking attending a meeting with an anti-competitive object, publicly distancing itself from the discussion is:
For an undertaking attending a meeting with an anti-competitive object, publicly distancing itself from the discussion is:
Flashcards
Section 34 Prohibition
Section 34 Prohibition
Section 34 of the Competition Act 2004 prohibits agreements between undertakings, decisions by associations of undertakings, or concerted practices that prevent, restrict, or distort competition within Singapore.
Hardcore conduct
Hardcore conduct
Includes price-fixing, market-sharing, bid-rigging, output limitation and information exchange on future prices, output or production.
Information Sharing
Information Sharing
Involves sharing particularly sensitive information that includes price, cost, capacity, proprietary data/information, and commercial plans.
Other risk areas
Other risk areas
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Agreements effect on competition
Agreements effect on competition
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Price Fixing
Price Fixing
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Nature of the agreement
Nature of the agreement
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Net Economic Benefit Exclusion
Net Economic Benefit Exclusion
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Public Distancing
Public Distancing
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Hotel Collusion: Exchange of Info
Hotel Collusion: Exchange of Info
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Exchangeable Information
Exchangeable Information
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Market Sharing
Market Sharing
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Bid Rigging
Bid Rigging
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Output Limitation
Output Limitation
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Section 34 of the Competition Act prohibits:
Section 34 of the Competition Act prohibits:
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Key elements of a Section 34 prohibition:
Key elements of a Section 34 prohibition:
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Definition of an 'agreement' in competition law:
Definition of an 'agreement' in competition law:
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What is required for an agreement on actions:
What is required for an agreement on actions:
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Requirements for demonstrating no liability under Section 34:
Requirements for demonstrating no liability under Section 34:
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Requirements for Net Economic Benefit Exclusion:
Requirements for Net Economic Benefit Exclusion:
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Study Notes
- Market behaviour prohibitions are known as antitrust among competition practitioners
- Section 34 is the first prohibition under the Competition Act.
- The origins of modern competition law can be traced to the United States in the 1890s
- It sought to outlaw the restriction of competition by large companies cooperating to fix outputs, prices, and market shares through trusts
- Hence the term antitrust
- These days most evidence of cartels can be found in emails and private messaging functions on apps like WhatsApp
- At every dawn raid conducted by the CCCS cubicles are sealed off in yellow barricade tape and laptops and mobile phones of suspected individuals are contained within evidence bags.
- Section 34 prohibition is referred to as anti-competitive agreements.
Section 34 of the Competition Act
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Prohibits agreements or concerted practices between decisions by associations of undertakings which have as their object or effect the prevention, restriction or distortion of competition within Singapore.
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Key elements include agreements or concerted practices, object or effect, and the distortion of competition
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Elements of an agreement under competition law are different from contract law
- Contract law: there must be offer and acceptance, consideration, and an intention to create legal relations.
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An agreement under competition law, need not be written or even formal or legally enforceable.
- Cartel agreements are often deliberately left vague
- Covers gentleman's agreements.
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Market-sharing is where competitors agree to divide a product market or a geographical market between themselves.
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Even informal discussions can lead to anti-competitive practices if sensitive information that influences market behavior is shared
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Publicly available information is of course not anti -competitive when discussed generally, nor are certain categories of non -commercially sensitive information
- If knowledge of past prices of a product cannot influence pricing decisions, it is unlikely that the sharing of such information will be infringing
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Vertical agreements are agreements between undertakings which operate at different levels of the production distribution chain The key is whether the nature of the agreement resulted in a concerted practice rather than the nature of the relationship between the parties in the Agreement
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If the nature of the relationship does not establish any of the following under Section 34(2):
- Directly or indirectly fix purchase or selling prices or any other trading conditions;
- Limit or control production, markets, technical development, or investment;
- Share markets or sources of supply
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Some argue that the threshold for establishing infringing information sharing should be lower for casual exchanges.
- Intent and Context: Proponents of a lower threshold emphasize the importance of intent and context.
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Hotel Groups Case: CCCS found that sales representatives of Capri and Village Hotels, as well as Capri and Crowne Plaza, were engaged in agreements and/or concerted practices to discuss and exchange such information in connection with the provision of hotel room accommodation in Singapore to corporate customers. This was deemed anti-competitive.
Case on Capacitor Manufacturers:
- The agreements included price fixing, and the exchange of confidential sales, distribution and pricing information for Aluminium Electrolytic Capacitors (AECs), in relation to customers in Singapore.
Aluminum Electrolytic Capacitors (AECs) Case
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Agreements and information exchanges on price increases Between 2006 and 2008, the parties agreed on price increases and exchanged information on the implementation of these increases during regular meetings
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Agreements to resist price reduction requests from customers The parties cooperated to collectively resist customer requests for price reductions. They regularly announced their efforts to reject such requests during meetings
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Information exchanges on customers' Request for Quotations (RFQs): The parties discussed and exchanged information on pricing strategies for specific customers, including their intentions to increase prices or resist price reductions
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Auto Parts Cartel Investigation: The CCS set a threshold for an undertaking attending a meeting with an anti-competitive purpose to demonstrate that it is not liable under the Section 34 prohibition
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Requires demonstrating participation without anti-competitive intent and dissent from unlawful steps
Foreign Domestic Workers Case:
- 16 employment agencies in Singapore infringed Section 34 by engaging in price-fixing activities
- Public distancing is required when attending meetings with anti-competitive purposes, even without contribution or adherence to agreements.
The Express Bus Agencies Association Case
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The coach operators agreed to fix the prices by procuring the setting of minimum selling prices and imposing fuel and insurance charges on passengers.
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Overall, the ticket price of a one -way express coach ticket to Kuala Lumpur in Malaysia increased by approximately 61 % from 2003 to 2008.
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An argument within Section 34 of the Competition Act may, on balance, have a net economic benefit if it contributes to improving production or distribution or promoting technical or economic progress and it does not impose on the undertakings concerned restrictions which are not indispensable to the attainment of those objectives, or afford the undertakings concerned the possibility of eliminating competition in respect of a substantial part of the goods and services in question.
- In seeking to establish the competition effects of conduct, market definition is important
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