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In Anti-Bribery and Corruption

Peru: Doing business in Peru 2022

by , and 1 Min Read

For all current and potential investors in a country, understanding the legislation, the system, the guarantees and other nuances of local regulations is important, especially as the legal framework is constantly evolving. This is why Estudio Echecopar, member firm of Baker & McKenzie International, has put together Doing Business in Peru 2022, a handbook that offers find useful and current information related to the legal framework that every investor must take into account to operate in the country.

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In Africa

Africa: Competition in Africa Report 2022

by and 2 Mins Read

Baker McKenzie’s latest Africa Competition Report (“Report”) is a collaborative effort between Baker McKenzie’s Africa-focused Competition team and its Africa Relationship Firms. The Report covers a detailed analysis and overview of recent developments in competition law enforcement and competition policy in 32 African jurisdictions and regional bodies. It considers not only recent developments in competition law enforcement and competition policy in each of the highlighted jurisdictions but also provides an overview of regulatory and legislative dynamics and challenges in selected markets.

In Antitrust / Competition

Malaysia: Proposed Amendments to Competition Act 2010 – Introduction of Merger Control Regime

by and 1 Min Read

On 25 April 2022, the Malaysia Competition Commission launched an online public consultation on proposed amendments to the Malaysian Competition Act 2010. Key amendments include (i) introduction of a merger control regime; and (ii) amendments to increase MyCC’s investigation and enforcement powers and enhance its procedures.

In Antitrust / Competition

Vietnam: Asia Pacific competition highlights | Q1 2022

by 4 Mins Read

After surveying more than 2500 SMEs in Vietnam, the authority found that SMEs generally do not have a high level of awareness of the law. The regulator also published papers on the state of competition in two sectors. The annual report includes consolidated and published statistics by the VCCA and MOIT. This update was published as part of our quarterly newsletter, Asia Pacific Competition Highlights.

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In Antitrust / Competition

Thailand: Asia Pacific competition highlights | Q1 2022

by and 5 Mins Read

Effective from 1 February 2022, the updated post-closing merger notification form requires substantially more information from parties, though the statutory period for submission remains unchanged. The authority’s new guidance on unfair trade practices introduces a de minimis threshold of 10% to the definition of “superior bargaining power”. A draft amendment to the SME Credit Term Guideline proposes changes to the definition of an SME. The TCCT has been conducting a law review and focus-group surveys to assess the efficiency and enforcement of the competition law, the first such mandated assessment since the law came into effect in 2017.

In Antitrust / Competition

Japan: First antitrust parallel imports case resolved under commitment procedures

by , , and 4 Mins Read

On March 25, 2022, the Japan Fair Trade Commission (“JFTC”) announced the closure of its investigation against a major US-based tennis racket manufacturer and its sole authorised distributor in Japan, after accepting their proposed commitment plans.
This was also the first enforcement action taken by the JFTC against a foreign supplier in a parallel import case, suggesting that the Commitment Procedure introduced in December 2018 may have helped overcome enforcement challenges in such cases. In the past, the JFTC has targeted only domestic distributors in suspected competition law infringements involving parallel imports.

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In Antitrust / Competition

China: Asia Pacific competition highlights | Q1 2022

by and 5 Mins Read

The Supreme People’s Court has identified certain relevant factors when assessing such agreements from an antitrust perspective. The Chinese entity of a multinational medical device manufacturer was fined RMB 9.12 million for RPM, representing 3% of its 2020 total China-wide revenue. The antitrust authority will be stepping up oversight over the platform economy, technology development, data security and livelihood sectors such as utilities, healthcare and medicine.

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