Contact: Vivien Chan (Hong Kong, China)
The Competition Ordinance (“CO”) was finally adopted by the Hong Kong Legislative Council on 14 June 2012, bringing Hong Kong in line with other developed economies.
The primary objective of the CO is to deter and prohibit companies and persons (known as “undertakings”) from engaging in anti-competitive behavior via the conduct and merger rules set out below. Two institutions, namely, the Competition Commission (“Commission”) and the Competition Tribunal (the “Tribunal”) will be established under the CO. The CO will apply to any entity (regardless of its legal status) engaged in economic activity, including individuals.
© Vivien Chan & Co., September 2012 All Rights Reserved
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