NO&T Asia Legal Review
Background
Prior to the enactment of the 2017 Trade Competition Act (“TCA”), the previous 1999 TCA was widely criticized for its lack of enforcement and infamously referred to as a “tiger without teeth”. Such reference stemmed from the fact that the Office of Trade Competition Commission (“OTCC”) failed to enact any merger control regulations for the 1999 TCA. To avoid such issue and ensure that relevant laws are enacted in a timely manner, the 2017 TCA imposed a deadline and required the government authority to issue regulations by 5 October 2018.
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