Understanding competition

摘要

Hong Kong's competition law principles 'are at their infancy', the new HKICS guidance points out. There are, for example, some glaring gaps in the coverage of the new law, notably the lack of merger controls. 'Hong Kong only regulates, through the Communications Authority and the Competition Commission, mergers of telecoms licencees. This effectively allows for undertakings to merger to buy their way out of competition,' the guidance points out.