Brunei gets ready for enforcement of Competition Order

The Competition Order 2015, a law that prohibits business practices which restrict a fair competition process in a market and to promote and maintain fair as well as healthy competition to enhance market efficiency and consumer welfare in Brunei Darussalam, will be enforced on January 1, 2020. The law, covering all commercial entities across the sectors in the country, allows businesses to make adjustments during the transitional period from January 1 to June 30, 2020, only for agreements that were made before June 1, 2019.  More details in Friday’s Borneo Bulletin