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Rose Webb, Timothy Lear, Philip Monaghan, Derek Ritzmann, Sep 30, 2015
When an economy-wide competition law finally commences in Hong Kong in December 2015, a fully operational competition authority will be ready to begin enforcing the law. More than two years will have passed between the first appointments to Hong Kong’s Competition Commission and the proposed commencement of the substantive competition rules in the Competition Ordinance on December 14, 2015.
As this article outlines, this phased introduction of the law has given the HKCC an invaluable opportunity to become fully prepared for Hong Kong’s entry into the growing ranks of Asian competition regimes. It has also afforded the business sector the chance to review and adjust their commercial arrangements in order to ensure compliance from day one.