This summer’s implementation of China’s Anti-Monopoly Law (AML) may well stimulate the emergence and modernization of other antitrust regimes in Asia.
Of course, antitrust is not new to Asia. Japan and Korea have long established and well developed antitrust rules. The antitrust authorities of Japan, Korea, India, Indonesia, Taiwan and Thailand are all members of the International Competition Network (ICN).
The antitrust laws of all of these countries, as well as (more recently) Singapore, prohibit cartels, and several of them, notably Japan, Korea, Singapore and (soon) India, have formal leniency policies to encourage cartel whistleblowing.