Conventus Law | November.28.2012
This article, about recently passed competition law in Hong Kong, quotes Shanghai M&A and private equity of counsel Veronica Lockyer.
Lockyer advised that companies should start to make adjustments now to ensure they are not caught by the anti-competitive provisions at that future date. They should also become familiar with the concepts and consequences of the ordinance.
"Prepare compliance policies for dealing with competitors and trade associations; review current business conduct and know what to do if and when the authorities turn up on your doorstep unannounced," said Lockyer.