Hong Kong: Competition Commission chairwoman suggest tightening of completion law
On Wednesday, January 16, Hong Kong Competition Commission chairwoman Anna Wu Hung-yuk revealed that the body was reviewing the Competition Ordinance with the government, about three years after the law came in.
Wu said one of the topics she would bring up was widening the law’s scope to regulate mergers likely to greatly reduce competition in Hong Kong across all sectors, rather than only applying to telecoms companies as it currently does. But she saw challenges ahead.
“Handling the issue over merging will be the most difficult. It touches on the interest of the business sector,” she said.
Other possibilities for talks included abolishing the ordinance’s exemption for statutory bodies, allowing individuals to sue for anticompetitive conduct rather than having to go through the Commission, and giving the regulator the power to demand documents from firms if needed.
Full Content: South China Morning Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Novo Nordisk Foundation’s Acquisition Faces Regulatory Hurdles
May 6, 2024 by
CPI
Microsoft’s MAI-1 to Compete with Google and OpenAI in AI Language Models
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI