In the cartel enforcement area, the Competition Commission of Singapore ("CCS") has been relatively active recently, with one of the standout actions being the issuing of a preliminary infringement decision against both the Japanese parent entities and the local Singapore subsidiaries of ball and roller bearing manufacturers.
In relation to mergers, relatively few have been investigated recently. While all have been cleared, the CCS has flexed its muscles in one case, by initiating a Phase 2 review, in relation to the merger of the Marina Bay Cruise Centre Singapore and Singapore Cruise Centre Pte Ltd (SCCPL), which manages and operates the International Passenger Terminal at Harbourfront Centre, and in a separate matter by extracting a voluntary undertaking from the acquirer, in a Fraser & Neave Ltd. ("F&N")/Heineken merger, to not enforce a non-compete provision in the sale agreement.
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