Hong Kong Government Announces Significant Changes to Its Competition Bill
19 October 2011
Mayer Brown JSM Legal Update
The Hong Kong Government has proposed key changes to the Competition Bill that is currently before the region's Legislative Council. The proposed changes are significant, and may be seen as an effort by the government to show that it is willing to compromise to address business sector concerns that had threatened to derail the Bill. Amongst other things, the changes reduce the maximum penalty for contravening the key prohibitions, introduce a turnover-based exemption for smaller business operators, remove the right of persons to bring stand-alone private actions, and introduce a "warning" mechanism in relation to less serious anti-competitive conduct.