The Hong Kong Competition Authority accepts commitments by four container terminal operators applying to form a joint venture (Hong Kong Seaport Alliance)

Competition Commission accepts commitments from Hong Kong Seaport Alliance* The Competition Commission (“Commission”) today announced the acceptance of commitments (“Commitments”) offered under section 60 of the Competition Ordinance (“Ordinance”) by Modern Terminals Limited (“MTL”) and HPHT Limited on behalf of Hongkong International Terminals Limited (“HIT”), COSCO-HIT Terminals (Hong Kong) Limited (“CHT”), and Asia Container Terminals Limited (“ACT”) (together, the “Parties”), in relation to the Hong Kong Seaport Alliance (“Alliance”). The acceptance follows a public consultation on an earlier set of commitments proposed by the Alliance (“Proposed Commitments”), which aimed to address the Commission’s concerns arising from its investigation into the Alliance. The Commitments have incorporated

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Hong Kong Competition Authority, The Hong Kong Competition Authority accepts commitments by four container terminal operators applying to form a joint venture (Hong Kong Seaport Alliance), 30 October 2020, e-Competitions Hong Kong Competition Law, Art. N° 97713

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