The Thai competition regulator, the Trade Competition Commission of Thailand, recently imposed fines on real estate developers for not submitting merger notifications within the statutory period. The fines were imposed in four cases – on both the companies and the responsible managers designated by their boards to oversee the transaction in question.
Following pressure from parliament, the Swiss Federal Council last year launched a consultation process on new legislation for the review of foreign investments. In May 2023, the Swiss Federal Council has taken note of the results of the consultation on the proposed investment control law. A majority of the participants in the consultation argued that the proposed investment control law would weaken Switzerland’s attractiveness as a business location, while a significant minority sees a clear need for action and is in favor of introducing foreign investment screening also in Switzerland.
Consumers and investors alike are increasingly shifting their focus towards both “green” products and investments in sustainable businesses and those with aspirational environmental and climate goals. Since environmental and sustainability claims have become ever more powerful marketing tools, they are also increasingly vulnerable to complaints of “greenwashing” — the practice of overstating the environmental characteristics or benefits of a company or a product.
After more than 20 years enforcing the Anti-Monopoly Law (Law No. 5 of 1999 on the Prohibition of Monopolistic and Unfair Business Practices), KPPU – the Indonesian Competition Commission – having experienced the highs and lows of investigating a wide range of anticompetitive behavior, issued KPPU Chairman Regulation No. 2 of 2023 on Guidelines for Assessing Negative Impact from Monopolistic and Unfair Business Practices.
We’re pleased to present the eleventh edition of Ukrainian Laws in Wartime: Guide for International and Domestic Businesses, a brief overview of the key features of wartime legislation.
At the end of March, the Antimonopoly Committee of Ukraine published its Annual Report for 2022.The AMC focused on markets that are strategically important for the country, including the markets for: (i) electricity, (ii) natural gas, (iii) light oil products, (iv) housing and communal services, (v) construction materials (i.e., cement), (vi) medicines, (vii) real estate, (viii) information technologies, (ix) retail, and (x) other industry sectors.
In this regional update, we provide you with a practical overview of the most notable antitrust legal developments of Quarter 1 in 2023 that may affect your business.
Baker McKenzie is proud to launch a series of webinars aimed at helping regulators’, legal practitioners’ and business leaders develop a deeper understanding of law and ESG issues in the Asia Pacific region.
Resolution 905/23 of Commerce Secretariat introduces important changes to the merger control procedure. These changes should enter into force 30 days after the publication of the Resolution in the official gazette (i.e., 15 June).
Competition authorities the world over have observably expanded their consideration of transactions from applying a purely competition-focused lens to one that incorporates the broader needs of society. Many African merger control regimes have developed a competition policy approach that balances traditional competition law considerations with public interest concerns, especially in terms of market concentration, access to competitive markets for small and medium enterprises and employment considerations.