It all depends on 14 people

Author: | Published: 1 Jul 2009

Rachel Evans
Asia editor

In the past 12 months, "competition" and "antitrust" have established themselves as part of Asia's lexicon. Much of this increased awareness has been thanks to China's controversial Anti-Monopoly Law, but the region's other Bric country – India – has also hit headlines with its Competition (Amendment) Act. While China's law has been criticised for its vagueness, India's might benefit from fewer specifics. The act has been poorly drafted. Most notably, its merger review provisions impose a cumbersome timeframe and broad notification thresholds on companies.

As yet, the law has not damaged corporate activity. Its saving grace has been that, despite passing in 2007, India's law is still not fully in force. But this is about to change. In May, the Competition Commission of India announced the notification of the sections dealing with behavioural matters such as cartels and abuses of dominance. And at the beginning of June,...