Block Exemption Order ruling takes effect

KUALA LUMPUR: The conditional Block Exemption Order (BEO) granted by Malaysia Competition Commission (MyCC) for liner shipping agreements last December took effect yesterday and will be in force for three years.

The BEO shall continue in force for three years from its gazetted date or until the same is cancelled by the MyCC. A review of the BEO will be conducted by the MyCC two years from the date of its commencement.