Hong Kong’s New Competition Regime

After years of political debate, the Hong Kong Competition Ordinance will finally come into force on December 14, 2015. The new law merits attention not only because of Hong Kong’s economic position and possible influence on—or by—China, but because the debate highlighted many of the challenges Asian markets face in introducing competition law, including the historic existence of cartels, the role of trade associations, insecurity by SMEs, sector exclusions, and others