The Competition Act 2004 came into effect on 1st January 2006 and its regulator, the Competition Commission of Singapore (CCS) has been tasked to maintain and enhance efficient market and promote overall productivity, innovation and competitiveness of markets in Singapore. In doing so, the CCS wants to eliminate or control practices that are anti-competitive within Singapore in these specific areas:
Deloitte financial advisory services together with our dedicated competition economics consulting practitioners from our UK and US offices can provide a comprehensive range of economic and strategic competition advice to assist companies whose agreements or conducts are affected or will be affected by the Act.
Deloitte's competitive advantage is the combination of our competition practice’s practical experience and broad industry knowledge in Europe and North America and our local knowledge in the accounting regulations/standards, computer forensic capabilities and litigation support services.
Our competition practice specialises in, to name a few:
The specific industries where we have had in-depth industry experience/knowledge include food and agriculture, maritime, motor vehicle industry, media, energy and gas, telecommunications and transportation.
In addition, Deloitte’s on the ground presence in Singapore allow us to oversee the overall project coordination on a day-to day basis together working alongside our clients’ legal advisors.