Stephen C. Wu / Yvonne Y. Hsieh
(The article reflects only the authors' opinion and does not represent the opinion of Lee and Li.)
On February 8, 2012, the Taiwan Fair Trade Commission ("TFTC") rendered its first decision after becoming an independent agency without Executive Yuan's supervision since February 2012. In the decision, the TFTC found that a total of 51 bottled liquid petroleum gas (LPG) suppliers located in Chia-yi City (collectively "Suppliers") had violated the cartel prohibition under the Fair Trade Act ("FTA") for increasing the retail price of LPG products simultaneously, which had affected competition in Chia-yi City's LPG market. Consequently, the TFTC imposed fines ranging from NT$4 million to NT$50,000 on each Supplier. The fines imposed by the TFTC in the case is NT$10.15 million in total.
By HMBC Riknik Rizkiyana, albert Boy Situmorang and Edwin Aditya Rachman
Excerpt for Indonesia from Cartel Regulation 2012 published by Global Competition Review.
Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through – Cartel Regulation 2012, (published in December, 2011; contributing editors D Martin Low QC, McMillan LLP). For further information please visit:
By Drew & Napier LLC
The Competition Commission of Singapore (“CCS”) has conducted a public consultation on proposed revisions to its Guidelines on Mergers Procedures (“Draft Revised Guidelines”).
By David Fruitman
On December 26, 2011, the Vietnam Government passed Decree No. 119/2011/ND-CP (“Decree 119”) to amend and supplement the provisions of Decree No. 116/2005/ND-CP of September 15, 2005 (“Decree 116”). Decree 116 provided details and clarification relating to the implementation of the Competition Law.