Smart News : Hong Kong competition law shows its teeth: enforcement becomes real
Hong Kong competition law shows its teeth: enforcement becomes real
When the Competition Ordinance was introduced in Hong Kong at the end of 2015, some hailed it as a life buoy for small players in Hong Kong’s market suffering from the dominance of a few big conglomerates. Others saw it as a nail in the coffin of Hong Kong’s laissez-faire policies, which had made it such an attractive place to do businesses. The Competition Ordinance’s main objective was to protect the competitive environment in Hong Kong by proscribing certain conduct that affects competition as well as by prohibiting mergers which could substantially reduce competition.
In this article we give a brief overview of the rules introduced under the Competition Ordinance as well as provide an update on enforcement practices.
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