Hong Kong’s Competition Bill - Implications for Directors & Senior Executives
14 February 2011
Mayer Brown JSM Legal Update
A comprehensive cross-sector Competition Bill is currently before Hong Kong's Legislative Council. Violations of the proposed law will expose companies to fines up to 10 percent of global company turnover, and the enforcement authorities in Hong Kong will also have the power to order that those companies divest business lines or cease operating in particular sectors.