Hong Kong’s new competition law is now in effect and applies to all companies in Hong Kong, including those in the real estate sector. The new law comes with huge fines – up to 10% of a company group’s annual turnover. Many standard business practices and agreements now need to be assessed in light of the law.
King & Wood Mallesons has teamed up with the Asia Pacific Real Estate Association (APREA) to provide a competition law survival guide for real estate developers, investors and fund managers in Hong Kong.
The guide covers:
- key competition law “dos and don’ts”;
- practical examples showing the impact of competition law on agreements and conduct in the real estate industry;
- consequences of breaching the law; and
- competition law compliance tips.
Contact us to discuss the new competition law and its impact on your company.