Hong Kong Competition Ordinance

By Joshua Cole, Sharon Henrick, Michael Robert-Smith King&Wood Mallesons

cole_jhenrick_sIn this article we explore the First Conduct Rule in Hong Kong’s Competition Ordinance, focusing on its significance for companies preparing for implementation of the Ordinance.

Overview of the First Conduct Rule

The First Conduct Rule targets anti-competitive agreements, including serious or ‘hardcore’ coordination between competitors such as price-fixing, market allocation, output restriction or bid-rigging.

Hong Kong’s Competition Commission has indicated that it will be particularly focused on this type of conduct. The Chairperson of the Commission, Ms Anna Wu, has singled out price-fixing cartels as initial targets, stating that she is determined to tackle the “Big Tigers” of Hong Kong.
Continue Reading Hong Kong Competition Ordinance: First Conduct Rule

002Welcome to the third edition of Red Tape, King & Wood Mallesons’ quarterly review of global regulatory developments.

This edition covers the good, the bad and the ugly in terms of regulations affecting cross-border investment.

Download PDF version, please click here.

作者:贺墨亭 黄紫玲 金杜律师事务所公司




Continue Reading 香港的新竞争法:反托拉斯革命的大幕即将拉开

By Martyn Huckerby Jill Wong King & Wood Mallesons’ Foreign Direct Investment Group

On June 22, 2012, Hong Kong’s first cross-sector substantive competition law regime was published in the official gazette, bringing with it a new regulator ready to change business practices in the Asian region, and armed with extensive enforcement powers, including the ability to conduct dawn raids and levy significant fines for anti-competitive conduct once the changes come into force.

The Competition Ordinance will prohibit cartel conduct, abuses of market power and other forms of anti-competitive conduct, subject to the availability of a number of exemptions, including exemptions based on efficiencies, Block Exemptions and minimum turnover. Merger control will continue to be limited to the telecommunications sector.
Continue Reading Hong Kong’s new competition law: get ready for the antitrust revolution