The new Vietnam 2018 Law on Competition will come into force from 1 July 2019.
While big changes have been made to regulating mergers and restrictive agreements, the new 2018 Law on Competition broadly retains the same principles and approach to abuse of dominance found in the 2004 Law on Competition. Importantly, the presumption of dominance is still market-share based, and the distinctions between individual dominance, group dominance and monopoly position have been retained.
This update covers the key differences between the current 2004 Law on Competition and the 2018 Law on Competition, and highlights the key abuse of dominance enforcement trends from the past decade.
Visit us at www.mayerbrown.com
Mayer Brown is a global legal services organization comprising legal practices that are separate entities (the Mayer Brown Practices). The Mayer Brown Practices are: Mayer Brown LLP, a limited liability partnership established in the United States; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales; Mayer Brown JSM, a Hong Kong partnership, and its associated entities in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. "Mayer Brown" and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions.
© Copyright 2019. The Mayer Brown Practices. All rights reserved.
This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein. Please also read the JSM legal publications Disclaimer.