Proposals for the Guidance Note on Business Collaborations Pursuing Environmental Sustainability Objectives (“Environmental Sustainability Collaboration GN“) have finally been introduced in Singapore for consultation by the Competition and Consumer Commission of Singapore (“CCCS”). The Environmental Sustainability Collaboration GN specifically addresses how businesses can collaborate to achieve environmental sustainability objectives in a way that does not contravene competition laws. Particularly, it seeks to clarify how CCCS will assess such business collaborations in the context of Section 34 of the Competition Act 2004, which prohibits agreements between businesses which have as their object or effect the prevention, restriction, or distortion of competition within Singapore. The consultation runs from 20 July 2023 to 17 August 2023.
This Update outlines salient aspects of the Environmental Sustainability Collaboration GN.
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