Grab-Uber merger: observations and implications for Singapore’s competition regime

In 2018, the battle between Uber and Grab in Singapore was dramatically concluded with Grab announcing the acquisition of Uber's Southeast Asian business. However, the spectacle was far from over, with the Competition and Consumer Commission of Singapore (CCCS) promptly intervening to investigate the merger. The CCCS eventually found that s 54 of the Competition Act (Cap 50B, 2006 Rev Ed) had been infringed. It then ordered remedies to mitigate the anti-competitive effects, and imposed hefty financial penalties on both parties. This article considers the CCCS's decision and approach, and shows that the CCCS’ response was unfortunately less robust than desired, which spells negative implications for Singapore’s competition regime.