The Hong Kong Legislative Council finally passes a comprehensive competition law

After years of discussions, the Hong Kong Legislative Council finally passed a comprehensive competition law (the "HK Competition Law"). The HK Competition Law includes the classic prohibitions of anticompetitive agreements and abuses of market power, as well as a merger control regime (with limited scope). It also includes some features that are specific to Hong Kong, some of which reflect the pro-business approach that has characterized Hong Kong over the years, as well as the small size of the economy. However, other features could actually go beyond mainstream competition law and, notably, apply more stringent obligations on companies with relatively large market shares. The new provisions are not expected to come into force before the end of 2012. This transition period will

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Nick Taylor, Peter J. Wang, Sébastien J. Evrard, Emily S.Y. Lam, Donald Hess, The Hong Kong Legislative Council finally passes a comprehensive competition law, 22 June 2012, e-Competitions Bulletin Commitment Decisions, Art. N° 49929

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