MyCC investigating Several Insurance Companies
20 October 2016 | Source: Bernama
KUALA LUMPUR, Oct 20 (Bernama) -- The Malaysia Competition Commission (MyCC) is investigating several general insurance companies under the Competition Act 2010 for allegedly being involved in anti-competition agreements in the motor vehicle repair industry in the country.

MyCC Chief Executive Officer Datuk Abu Samah Shabudin said the MyCC was investigating commercial activities between vehicle repair workshops and general insurance companies especially concerning discounts on certain car spare parts as well as the labour cost that must be paid to the workshops.

Please click here for the full text of the item.


MLTIC works with BERNAMA, the national news agency of Malaysia, to bring you the latest Malaysian legal and tax developments. BERNAMA is one of the country's leading content providers of up-to-the-minute news reports, updates and analysis for newspapers, tv and radio stations, global wire services and the Internet. It provides several services including news-wire and online database services. MLTIC thanks BERNAMA for supporting the Free Access to Law movement in Malaysia.

Notice: The Publishers of MLTIC acknowledge the permission granted by the relevant official/original source for the reproduction of the above/attached materials. You shall not reproduce the above/attached materials in whole or in part without the prior written consent of the Publishers and/or the original/official source. Neither the Publishers nor the official/original source will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/attached materials. The Publishers and the official/original source also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials. The access to, and the use of, MLTIC and contents herein are subject to the Terms of Use.