CCCS and Indonesia's Commission for the Supervision of Business Competition Sign MOU on Enforcement Cooperation of Competition Law
Chief Executive of the Competition and Consumer Commission of Singapore (“CCCS”), Mr. Toh Han Li, and Chairman of the Commission for the Supervision of Business Competition (“KPPU”), Dr. Kurnia Toha have concluded a Memorandum of Understanding (“MoU”) to facilitate cooperation on competition enforcement between CCCS and KPPU.
This is the first MoU on enforcement cooperation of competition law between CCCS and an ASEAN competition authority. It signifies the strengthening of the current long-standing relationship between both competition authorities.
The MoU will enhance effective enforcement of competition laws in Indonesia and Singapore through the establishment of a cooperation framework between both competition authorities. The MoU will encourage notification of enforcement activities that potentially affect one party’s interests. The MoU will also facilitate the exchange of information between CCCS and KPPU, as well as enforcement coordination for cases of mutual interest.