On December 14, Competition Ordinance, which is called Hong Kong’s anti-monopoly law will take effect. Gregory So Kam-leung, Secretary for Commerce and Economic Development of Hong Kong SAR said on 7th that this is a historic milestone to promote free market competition in Hong Kong.
Competition Ordinance is thought to be the biggest institutional change in the area of commercial law in Hong Kong in the past two decades, and Hong Kong businesses including mainland Chinese companies are facing compliance risks. How to cope with the challenges? How to deal with anti-monopoly investigation? What major impacts there are on the Hong Kong market by Competition Ordinance? How does TMT industries control anti-monopoly legal risks? What domestic and foreign anti-monopoly law need to be studies for cross-border deals? Those are the concerns from all businesses.
Therefore, On December 7, Jingtian & Gongcheng jointly sponsored the seminar on “Anti-monopoly and competition laws in Hong Kong and Mainland China”, together with Mayer Brown JSM.
The seminar is held at the Beijing office of Jingtian & Gongcheng. Partner of Mayer Brown JSM Ha Cheuk Ling delivered a keynote titled “practical analysis of the newly effective Competition Ordinance in Hong Kong and conducted in-depth discussion with executives from China Mobile, China Unicom, JD, Sequoia, Aiqiyi on related legal practices.
On the seminar, partners of Jingtian & Gongcheng Huang Yongqing and Cheng Xiaofeng also gave reports titled “anti-monopoly issues in M&A deals of TMT”, “current situation and prospect of anti-monopoly investigation”.
