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
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