Studies On The Singapore Competition Act

Many researches can be done in the filed of competition law. How an executive organization is established and operated, and how sanction methods play a role in punishing and relieving, these have vital influences on whether a law can have the expected legal effectiveness. Therefore, only two points of the act are discussed in details, including executive organization and sanction methods. The main executive organizations of Singapore competition act are Competition Commission of Singapore, Competition Appeal Board, and Minister for Trade and Industry, sector authorities and the courts.The model of the executive organization is centering on the Competition Commission of Singapore and several branches are concerned with each other.There are no criminal punishments for monopoly and restrict competition in the competition act 2004. Defensive attitude are be taken in sanction methods. Compared with administrative sanction methods, the civil sanction methods is in a supplementary place.These legislative choices about the Singapore Competition Act are mainly affected by the value orientation of competition law. It also relate to the legal institutions in Great Britain, because Singapore used to be a British colony. Furthermore, the rule of law in Singapore underlines country powers and therefore represents executive authority with a government-dominant model but not private actors. The complete sanction methods should give full play to all directions with administrative sanction methods, civil sanction methods and criminal sanction methods in order to reach comprehensive control. The shortage of sanction methods still exist in Singapore Competition Act. With the similarities in underdevelopment in legislation on competition law and with the same background of oriental society, I believe that China and Singapore will integrate with each other in the field of drawing experience from competition law of other countries. Furthermore, the author puts forth the shortcomings of Anti-monopoly Law of the People's Republic of China in the aspects of executive organization and sanction methods, and raises some advice for amendment.