Competition Law at Cambodia
Competition law in Cambodia is relatively new but developing quickly as the country integrates more deeply into regional and global markets. Here's a summary of the key points regarding Cambodia’s competition law:
🏛️ Legal Framework
Law on Competition: Cambodia enacted its first comprehensive Law on Competition on October 5, 2021, through Royal Kram No. NS/RKM/1021/011.
Regulator: The Cambodia Competition Commission (CCC) is the main regulatory body established under this law.
⚖️ Key Provisions of the Competition Law
Anti-Competitive Agreements:
Prohibits agreements that restrict, distort, or prevent competition (e.g., price-fixing, market sharing, bid rigging).
Both horizontal (between competitors) and vertical (between suppliers and distributors) agreements are covered.
Abuse of Dominance:
Firms holding a dominant market position are prohibited from abusing that power (e.g., predatory pricing, refusal to deal, exclusive dealing).
The law defines a dominant position based on market share and other factors.
Merger Control:
Mergers, acquisitions, and joint ventures that may significantly restrict competition are subject to review and may require pre-notification.
The CCC is expected to issue detailed sub-decrees outlining notification thresholds and procedures.
Unfair Business Practices:
Includes deceptive conduct, misleading advertising, and coercive behavior.
🛠️ Implementation & Enforcement
The Ministry of Commerce plays a key role in implementation.
The CCC has the power to investigate, conduct hearings, and impose penalties.
Penalties may include fines, cease-and-desist orders, or invalidation of agreements.
📌 Recent Developments
Since the law is new, enforcement is still developing, and many implementing sub-decrees and guidelines are under preparation.
Businesses operating in Cambodia are advised to monitor updates closely and review commercial agreements for compliance.
🌏 ASEAN Context
Cambodia’s competition law aligns with broader ASEAN commitments to promote a competitive, fair, and transparent market environment under the ASEAN Competition Action Plan 2025.
RELATED Blog
0 comments