KUALA LUMPUR, July 6 — The High Court here today quashed the Malaysian Competition Commission’s (MyCC) RM86.77 million proposed fine against Grab Inc and its two subsidiaries...
KUALA LUMPUR, July 6 — The High Court here today quashed the Malaysian Competition Commission’s RM86.77 million proposed fine against Grab Inc and its two subsidiaries over the ride-hailing firm’s anti-competitive practice.
The judge also noted that while the proposed fine was over a 2019 complaint lodged to MyCC by a Grab driver over the company’s alleged anti-competitive practice, the regulator had instead relied on 2018 complaints regarding the company’s purported violation of the Competition Act 2010. The court however, did not allow Grab’s bid for damages against MyCC, pointing out that there was no element of bad faith behind the regulator’s decision for the proposed fine.
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