The development of individual and criminal sanctions in the Asia-Pacific Region (Antitrust in Asia #1)

1st webinar of the “Antitrust in Asia: One Size Fits All?” Conference organised by Concurrences, in partnership with Baker McKenzie and RBB Economics. Welcome Remarks by Sandra Marco Colino (Associate Professor, The Chinese University of Hong Kong). Opening Keynote Speech by Samuel Chan (Chairperson, Hong Kong Competition Commission). The first panel “The Development of Individual and Criminal Sanctions in the Asia-Pacific Region” with Grant Chamberlain (Cartel Investigations Manager, New Zealand Commerce Commission), Stephen Crosswell (Partner, Baker McKenzie), Kirstie Nicholson (Competition Counsel, BHP), Wendy Peter (General Counsel, Specialist Advice and Services Division, Australian Competition & Consumer Commission), Stephen Ryan (Head Legal Advisory, Hong Kong Competition Commission), Yan Yu (Partner, RBB Economics).

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Samuel Chan

There is significant divergence across Asia in at least three areas: economic structures and stages of economic development, ecosystems, and size and wealth. Yet, in substance, similar competition law regimes are implemented. This similarity is a major strength of competition law because it allows multinational enterprises to benefit from the general application of certain basic competition law principles. Smaller companies also benefit. Indeed, one of the priorities of the Hong Kong Commission has been to assist those who usually advise small and medium-sized enterprises (SMEs). It considers that most cases brought by one competition authority in Asia-Pacific could be brought by most others if the same facts occurred in their jurisdiction.

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