The long-awaited Competition Ordinance has come into full force (as of 14 December last year) after a decade and a half of public discussion and debate. This is the first cross-sector competition law in Hong Kong, which is one of the last developed economies to adopt such law. The new legislation empowers a new government authority to investigate possible infringements and the Courts power to penalize companies that use collusive or monopolistic tactics and safeguard a fair and free economic environment. This course will examine the backdrop of the new Ordinance, the scope of the prohibitions, and the establishment of the new Competition Commission and Competition Tribunal as well as relevant exemptions and exclusions. The course will be conducted in a combination of presentations and case studies.
Update on Competition Law in Hong Kong
Detailed Information
Highlights of the course include:
- Introduction – backdrop of competition law and rationale behind competition policy
- International models and their influence on the new Competition Ordinance (CO)
- Nature of competition law regimes
- The previous Hong Kong competition law regimes in telecommunications and broadcasting
- The New CO
- Overview
- The two “conduct rules”
- Key provisions
- Exemptions and exclusions
- Enforcement vs. international models – parties involved, penalties and other enforcement powers
- Areas of continuing uncertainty in interpretation of the prohibitions
- Case studies/discussion
- Outlook
Registration Conditions
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