Competition Commission welcomes Court of Appeal ruling on pecuniary penalties* The Competition Commission (“Commission”) welcomes the judgment (“Judgment”) handed down by the Court of Appeal today (2 June) in relation to appeals lodged by the Commission against pecuniary penalties imposed by the Competition Tribunal (“Tribunal”) on five respondents in its earlier decisions concerning market sharing and price fixing in renovations projects at two public housing estates in Hong Kong (On Tat Estate and On Tai Estate). In its Judgment, the Court of Appeal agreed with the Commission’s case that the respondent construction and
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