The Hong Kong Competition Authority releases a draft leniency policy and guidelines on cartel conduct

Hong Kong Competition Commission Releases Leniency Guidelines* On September 23, the Hong Kong Competition Commission (HKCC) released a draft of its “Leniency Policy for Undertakings Engaged in Cartel Conduct.” The draft specifies when the HKCC will refrain from pursuing monetary penalties against an entity in exchange for that entity’s cooperation. The HKCC was created when Hong Kong’s Legislative Council passed a competition ordinance in 2012. The Competition Ordinance applies to any agreement that has the object or effect of preventing, restricting, or distorting competition in Hong Kong, even if the parties and concerted activity are outside of Hong Kong. Over the past three years, the HKCC has slowly released guidelines related to the implementation of the Ordinance. With the release

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  • Siemens (New York)
  • Patterson Belknap Webb & Tyler (New York)

Quotation

Deirdre McEvoy, Jake Walter-Warner, The Hong Kong Competition Authority releases a draft leniency policy and guidelines on cartel conduct, 23 September 2015, e-Competitions Hong Kong Competition Law, Art. N° 76721

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