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Grab’s acquisition of Uber’s assets and driver contracts across Southeast Asia, including the Philippines, proved to be an early test of the merger review powers of the Philippine Competition Commission (‘PCC’ or the ‘Commission’). Barely two years from its establishment, the Commission not only...
Abstract UK sectoral regulatory authorities are hybrid communities of, among others, lawyers and economists. Since the liberalization of essential services, expert economists enjoy broad discretionary powers in advancing the agencies’ broad statutory objectives. Yet, despite the significant...
The Competition and Consumer Commission of Singapore (CCCS) issued an infringement decision in October 2018 after finding that the sale of Uber’s Southeast Asian business to Grab for a 27.5 per cent stake in Grab was in breach of the Competition Act (the ‘Act’).1 The CCCS found that the...
Abstract The Hong Kong Competition Commission is a young enforcement agency, enforcing a competition law that has been in effect less than five years. Despite its relative youth, the Competition Commission is quickly gaining experience as the pace and breadth of its enforcement is increasing in...
In the above article, an instance of “a producers’ cartel” on page 3 was removed at copy-editing stage and the sense of the sentence was affected. This has now been corrected online. © The Author(s) 2020. Published by Oxford University Press. All rights reserved. For permissions, please e-mail:...
Abstract Recent antitrust scholarship has claimed that parallel investments by institutional investors in competing firms may harm competition. Proponents of this theory, dubbed ‘common ownership’, posit that harm may arise even with small shareholdings, particularly in oligopolistic markets....
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