CAMBODIA: Law on Anti-Competitive Business Practices Enacted
11 November 2021
Cambodia has issued its first Law on Competition, which has set out various rules relating to anti-competitive agreements, abuses of dominance and anti-competitive business combinations that could impact the domestic market. This new legislation extends across all individuals engaged in business activities that may restrict, prevent or distort competition in any Cambodian market, whether these activities are done within or beyond Cambodia’s borders. It also specifies that any transgressor could be liable for a prison sentence of up to two years and a fine of up to KHR100 million (US$24,583).
The adoption of the law, which came into force on 6 October, is in keeping with Cambodia’s commitments to the World Trade Organization and the provisions of the ASEAN Economic Community Blueprint 2025.
- Southeast Asia