Hong Kong Scales Back Antitrust Bill To Appease Critics

Law360, New York (October 20, 2011, 7:39 PM EDT) -- Hong Kong's government on Tuesday proposed several changes to a bill to create the city's first antitrust enforcer, in a bid to speed legislative consideration of a plan that has hit opposition from business interests in the famously free market city-state.

The Commerce and Economic Development Bureau submitted amendments focused on clarifying the competition bill's provisions, setting up de minimis exemptions for smaller businesses, fine-tuning the proposed monetary penalties, adjusting how violation notices work, eliminating the right to bring stand-alone private antitrust actions and addressing cross-sector...
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