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Competition ordinance first conduct rule

WebAs with EU law, the Ordinance prohibits agreements or concerted practices between market participants, the object or effect of which is to prevent, restrict or distort competition in Hong Kong (“the First Conduct Rule”). It is the First Conduct Rule that was at issue in the judgments of 17 May 2024. The Ordinance also contains a prohibition ... Web(I) First Conduct Rule. Under Section 6 of the Ordinance, a violation of the First Conduct Rule takes place when corporations or individuals come into agreement or concerted …

Competition Act - Wikipedia

WebDec 11, 2015 · The Competition Ordinance lays down two basic rules on anti-competition activities. The First Conduct Rule provides that:-. “An undertaking must not:-. (a) make or give effect to an agreement. (b) engage in concerted practice. (c) as a member of an association of undertakings, make or give effect to a decision of the association, if … WebAn Act of Parliament to promote and safeguard competition in the national economy; to protect consumers from unfair and misleading market conduct; to provide for the … fast loan uk online https://rixtravel.com

Competition Ordinance - Wikisource, the free online library

WebJan 12, 2024 · Despite the pandemic, 2024 has been a busy year in the competition law space in Hong Kong. The year started off with the Hong Kong Competition Commission (“Commission”) commencing proceedings against software reseller Quantr and two textbook retailers, respectively, for contravention of the First Conduct Rule, and concluded with … Web2 Terms Used in the First Conduct Rule 2.1 This part of the Guideline provides an overview of how the Commission intends to interpret and apply certain key terms used in the First … WebMay 4, 2024 · The Hong Kong Competition Ordinance (“Ordinance”) prohibits cartel conduct under its “First Conduct Rule.” The Commission can commence proceedings for violations of the First Conduct Rule before the Tribunal, which can impose pecuniary penalties of up to 10% of an undertaking’s total gross revenues generated in Hong Kong … french ocr

Competition Commission Rules Hong Kong Code of Banking …

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Competition ordinance first conduct rule

Guideline - The First Conduct Rule

WebMar 1, 2016 · The Competition Ordinance sets out three key rules, known respectively as the First Conduct Rule, the Second Conduct Rule and the Merger Rule. Extraterritorial Effect Underscoring the extraterritorial reach of the Competition Ordinance, the competition rules apply regardless of whether the conduct occurs, or whether any of … WebJan 18, 2013 · Also take note of the amendments made by the Competition (Amendment) Ordinance 2014 (15 of 2014) to this Ordinance that commenced on 21 November 2014. A verified copy of this enactment exists on Hong Kong e-Legislation since 19 September 2024. ... Territorial application of first conduct rule ...

Competition ordinance first conduct rule

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WebNov 13, 2024 · The Hong Kong Competition Commission (Commission) recently found that the Code of Banking Practice (Code) [1] is subject to the First Conduct Rule (FCR) in s. 6 (1) [2] of the Competition Ordinance (CO). The Code is an industry code for retail banking services aimed primarily at promoting sound banking practices and consumer protection. WebMay 8, 2024 · In Hong Kong, entering into an agreement or practice, or being a member of an association which makes or gives effect to decisions of the association, in either case with the object of preventing, restricting or distorting competition (cartel conduct) contravenes the First Conduct Rule of part 2 of the Competition Ordinance (the …

WebDec 8, 2024 · Under the Competition Ordinance, ... HKCT 3, the Tribunal held that the six renovation companies had contravened the First Conduct Rule. Under the Carecraft procedure, where respondents have admitted their liability for competition law contravention, the parties are required to submit a statement of agreed facts. The agreed … Webobtain full and open competition through the use of competitive procedures in accordance with the requirements of this division and the Federal Acquisition Regulation; and (2) use …

WebOct 13, 2024 · The Competition Ordinance 1 (the Ordinance) is no exception. Section 21 of the Ordinance, which is termed the Second Conduct Rule (the SCR), is concerned … WebMay 19, 2015 · The First Conduct Rule targets anti-competitive agreements, including serious or ‘hardcore’ coordination between competitors such as price-fixing, market allocation, output restriction or bid ...

WebHaldanes’ experience in competition law. Regulatory framework. First Conduct Rule. Agreement & Concerted Practice. “Object” of harming competition. “Effect” of harming …

WebMay 19, 2015 · The First Conduct Rule targets anti-competitive agreements, including serious or ‘hardcore’ coordination between competitors such as price-fixing, market … french oemWebJan 12, 2024 · Exactly one week after the Ordinance’s 5 th anniversary, the Commission took its first legal action under the Second Conduct Rule, which prohibits an undertaking with a substantial degree of ... french octonauts on youtubeWebthe Competition Ordinance; (ii) the first and second conduct rule; and (iii) the exclusions and exemptions. The detailed requirements of this updated sub-topic can be found in the Economics Curriculum and Assessment Guide (Secondary 4-6) – … fast loans with monthly payments bad credit