The Competition Act of Malaysia

May 2012

Abstract

The Competition Act of Malaysia was passed in July 2010. The said Competition Act 2010 (the “Act”) came into force on 1 January 2012. The objective of the Act is to promote economic growth, protect the process of competition and the interest of consumers. The Act applies to all commercial activities relating to goods or services, both within and outside Malaysia, provided that such commercial activity has an effect on competition in any market in Malaysia.

Authors

Nazlan Ghazali

Group General Counsel & Company Secretary, Maybank, Malaysia

Mohd Nazlan Mohd Ghazali is the Group General Counsel & Company Secretary of Malayan Banking Berhad ("Maybank and is also its Group Head of Corporate & Legal Services. He graduated with a Bachelor of Arts in Jurisprudence as well as Master of Arts, both from the University of Oxford. He is also Barrister at Law (Lincoln’s Inn) and Advocate & Solicitor of the High Court of Malaya. He was Partner and Head of Equity Capital Markets at a leading law firm, Messrs Zaid Ibrahim & Co, specializing mainly on corporate, financial services and securities law matters, particularly in respect of corporate transactions such as capital raising and M&As before joining Maybank in 2005. Prior to that, he was with the Securities Commission of Malaysia (SC) for about seven years until 2000 and his last position was as the Head/General Manager of the Enforcement Division, with overall responsibility over the investigation, prosecution and complaints departments. He had also earlier served the Executive Chairman’s Office and the Issues & Investment Division whilst at the SC. Mohd Nazlan started his working career in 1991 at the law firm of Messrs Shook Lin & Bok, Kuala Lumpur, handling corporate, conveyancing and banking law matters.

Companies

Maybank

Malayan Banking Berhad and its group of companies ("Maybank") is the largest banking group in Malaysia and has a strong regional presence in South East Asia with total assets of Ringgit Malaysia 560 billion and with a staff strength of 47,000 serving over 22 million customers. Maybank offers a comprehensive range of financial services ranging from corporate and consumer banking, investment banking, insurance and takaful, asset management, Islamic banking, offshore banking, stock broking, venture capital financing and internet banking with 2,200 offices in 20 countries. It was also ranked amongst the top 20 Strongest Banks in the world.

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The Competition Act of Malaysia

Abstract

Authors

Companies

Maybank

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