Hong Kong: Regulator wants rules preventing competition between Hong Kong’s architects to be scrapped
Hong Kong’s competition watchdog has urged two professional bodies to immediately lift restrictions that stop about 4,000 architects and 400 town planners competing by cutting their fees.
The Competition Commission said on Monday that the Hong Kong Institute of Architects and the Hong Kong Institute of Planners had failed to remove or amend “problematic provisions” in their codes of conduct relating to fees.
It noted that the Institute of Architects imposed numerous restrictions, including a prohibition against members revising fee quotations to compete with another practitioner.
The regulator stressed that although the institutes were currently exempted under the Competition Ordinance, their members might in certain cases not enjoy such protection.
Full Content: Reuters
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Norton Rose Fulbright has announced the addition of two seasoned professionals, Veronica Pinotti and Martino Sforza, to its antitrust and competition practice in Milan. According to a statement released by the firm on Monday, both lawyers have joined as partners, bringing a wealth of expertise in various facets of competition law.
Martino Sforza’s practice focuses on a range of areas, including consumer protection, data privacy, and regulated markets, in addition to his extensive work in antitrust matters. His broad experience makes him a valuable addition to the firm’s Milan office.
Veronica Pinotti, also joining from White & Case, specializes in advising clients on complex legal matters involving joint ventures, mergers and acquisitions, cartels, and abuse of dominance. She is also highly experienced in navigating state aid issues and regulatory concerns.
Source: Bloomberg
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