Experts Say New Antitrust Law Wrong For Hong Kong

Law360, New York (November 13, 2006, 12:00 AM EST) -- A newly proposed anti-monopoly law in Hong Kong has drawn fire from both free market enthusiasts and pro-regulation supporters who claim the laws will hinder Hong Kong’s ability to function as a trading hub for the world.

The Hong Kong government released a consultation document last week that proposed regulating anti-competitive activity, such as price-fixing and bid rigging, in all industries. Currently, only broadcasting and telecommunications companies must deal with government regulators.

The drafted law proposes fines for anti-competitive behavior that are proportionate to the sales...
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