Containerchain: 4 practical lessons

The latest decision by the MyCC in the Containerchain case illustrates how the Competition Act catches ‘agreements’ to restrict competition, even when there has been no express agreement between parties.

On 1st June 2016, the MyCC issued a final decision against Containerchain and 4 container depot operators in Penang Port. It fined them RM645,774 in total with an order to cease and desist from implementing the price agreed upon pursuant to their price fixing agreement. An RM7,000 daily fine was also imposed on each of them for any failure to comply within 30 days of the decision.

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