Legal Updates for June 2019

Decision of Vietnam Competition Council on GrabTaxi – Uber’s deal

On 11 June 2019, the Viet Nam Competition Council (“VCC”) conducted a closed hearing regarding the alleged economic concentration activity of Grab Taxi Company Limited (“GrabTaxi”) and Uber Viet Nam Limited (“Uber Vietnam”). On 17 June 2019, VCC announced Decision No. 26/QD-HDXL, in which VCC determined that the purchase, transfer and receipt of obligations between GrabTaxi and Uber Vietnam did not constitute an act of economic concentration under the Law on Competition.