Hong Kong Government attempts to shed light on Competition Bill ... but business sector remains in the dark
2 June 2011
Mayer Brown JSM Legal Update
In recent days, the Legislative Council Bills Committee that is considering Hong Kong’s proposed Competition Bill was provided with guidelines that explain how the government believes key aspects of the Bill should be interpreted and applied. However as the Guidelines on the First Conduct Rule are a sample only, and are in no way binding on the proposed Competition Commission (which would be established as an independent body under the law and tasked with drafting a 'real' set of guidelines to explain its approach to key matters), they may be considered to be of limited practical use for the business sector in terms of gearing up for compliance or debating the merits of the Bill.