An Introduction into Competition Law: The Substantive Provisions of the Malaysian Competition Act in Light of its European Origins

Abstract

This paper gives an introduction into the concepts of competition law and its economic foundations. The main focus of the paper are the substantive provisions of the Malaysian Competition Act. The paper first sets out the basic economic models underpinning the competition law analysis. In a second step the paper examines the substantive provisions of the Competition Act while making due reference to its origin in the equivalent provisions in European competition law. The article also briefly highlights the phenomenon of globalisation and the extraterritorial application of competition law. Finally, the paper again summarises the advantages of competition law and makes some suggestion for the initial period after the coming in force of the Act.