A judge on Thursday urged the government to set up a statutory body to regulate building renovation, as he sentenced a renovation subcontractor to 35 months in jail in a case which has alarmed Hong Kong’s homeowners.
District Court judge Josiah Lam Wai-kuen made the remarks after he passed the sentence on Yau Shui-tin, who blew the whistle on a $33.5 million Sha Tin bid-rigging project that he helped arranged.
Yau admitted to his role as a middleman in the controversial housing project involving $33.5 million at Garden Vista to conspire with six others including staff from the management, consultancy, and engineering firm, as well as the chairman of Garden Vista’s incorporated owners.
Judge Lam stated, “A statutory body should be set up for regulation,” adding that home-owners often lacked the professional knowledge to determine whether certain renovation procedures were needed and, if so, how much they would cost.
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
EU Conducts First-Ever Raids on a Company Under Foreign Subsidies Regulation
Apr 23, 2024 by
CPI
FTC Moves to Ban Non-Compete Agreements, Aiming to Boost Labor Mobility
Apr 23, 2024 by
CPI
Federal Judge Nods at $418M Deal in Real Estate Antitrust Suit
Apr 23, 2024 by
CPI
Mexican Watchdog Probes Amazon and Mercado Libre Over Loyalty Bundles
Apr 23, 2024 by
CPI
Competition Commission of India to Probe AI Landscape for Competition
Apr 23, 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