The Competition Commission of Singapore (CCS) has published its revised Guidelines on Merger Procedures 2012. The Commission highlights three benefits for businesses in the Guidelines:
- CCS will offer confidential advice to parties considering a merger.
- New turnover guidelines exclude SMEs from merger investigations. The threshold to be considered an exempt SME is below a S$5 million turnover for each party in the preceding financial year, or below S$50 million worldwide for all parties.
- The application for a merger filing is revised for clarity.
The revised Guidelines will be effective starting July 1.
Full content: CCS Press Release
Related content: Singapore Steps up Competition Enforcement
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