Hong Kong’s new competition law came into full effect on 14 December 2015 and now applies to all businesses in Hong Kong. Penalties for failing to comply can be severe – a company group may be fined up to 10% of its annual turnover in Hong Kong for each contravention. Individuals involved in a breach may also be penalised. It is therefore vital that companies have a strategy in place to deal with the changes and the potential impact on their business
To assist businesses to prepare for the new competition law, King & Wood Mallesons has prepared a Hong Kong Competition Law Guide.
The guide covers:
- key aspects of the competition law, including “dos and don’ts”;
- consequences of breaching competition law; and
- compliance tips for Hong Kong businesses.
Contact us to discuss the new competition law, or to delve deeper into any of the topics addressed in the guide.