Foreword |
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v | |
Preface |
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vii | |
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xiii | |
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Table of Competition Ordinance References |
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xvii | |
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1 The Competition Ordinance |
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1 | (36) |
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1.1 A new competition law for Hong Kong |
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1 | (9) |
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1.2 The Competition Rules |
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10 | (12) |
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1.3 Undertakings and the Competition Ordinance |
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22 | (8) |
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1.3.1 Undertakings subject to the competition rules |
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22 | (3) |
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1.3.2 Statutory bodies, specified persons and activities excluded |
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25 | (3) |
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1.3.3 Undertakings providing services of general economic interest |
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28 | (2) |
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1.4 Market definition in the competition rules |
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30 | (7) |
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2 The First Conduct Rule: Agreements that Harm Competition |
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37 | (53) |
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2.1 The First Conduct Rule |
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37 | (5) |
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2.2 Agreements, concerted practices and decisions of undertakings |
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42 | (5) |
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2.3 Object or effect of harming competition |
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47 | (7) |
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2.3.1 Object of harming competition |
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47 | (4) |
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2.3.2 Effect of harming competition |
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51 | (3) |
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2.4 Agreements that may contravene the First Conduct Rule |
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54 | (23) |
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2.4.1 Serious anti-competitive conduct |
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54 | (5) |
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59 | (6) |
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2.4.3 Vertical price restrictions |
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65 | (4) |
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2.4.4 Distribution agreements |
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69 | (4) |
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2.4.5 Joint venture agreements |
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73 | (4) |
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2.5 Exclusions and exemptions from the First Conduct Rule |
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77 | (13) |
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2.5.1 Exclusions and exemptions from the First Conduct Rule |
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77 | (3) |
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2.5.2 Agreements enhancing overall economic efficiency |
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80 | (8) |
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2.5.3 Block exemption orders |
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88 | (2) |
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3 The Second Conduct Rule: Abuse of Substantial Market Power |
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90 | (26) |
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3.1 The Second Conduct Rule |
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90 | (3) |
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3.2 Assessment of substantial market power |
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93 | (9) |
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3.3 Abuse of substantial market power |
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102 | (4) |
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3.4 Conduct that constitutes an abuse of market power |
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106 | (8) |
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3.5 Exclusions and exemptions from the Second Conduct Rule |
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114 | (2) |
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116 | (33) |
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4.1 Scope of the Merger Rule |
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116 | (8) |
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4.2 Competition assessment |
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124 | (21) |
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125 | (4) |
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4.2.2 Assessment of level of competition after a merger |
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129 | (6) |
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4.2.3 Determining whether competition is substantially lessened |
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135 | (7) |
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4.2.4 Additional relevant matters for vertical mergers |
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142 | (3) |
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4.3 Exclusion based on economic efficiencies |
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145 | (4) |
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5 Enforcement Procedures for the Competition Rules |
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149 | (66) |
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5.1 Enforcement procedures |
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149 | (2) |
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5.2 Applications for Commission decisions on exclusions and exemptions and block exemption order from the Conduct Rules |
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151 | (14) |
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5.2.1 Applications for a decision on exclusion or exemption |
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154 | (5) |
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5.2.2 Applications for block exemption order |
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159 | (6) |
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5.3 Complaints to the Competition Commission |
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165 | (4) |
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5.4 Investigations by the Competition Commission |
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169 | (21) |
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5.4.1 Initial assessment phase |
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169 | (2) |
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5.4.2 Investigation phase |
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171 | (9) |
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5.4.3 Confidentiality and disclosure |
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180 | (4) |
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5.4.4 Outcomes of the Investigation Phase |
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184 | (6) |
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190 | (7) |
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5.6 Procedures and enforcement in merger cases |
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197 | (6) |
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5.7 Proceedings before the Competition Tribunal |
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203 | (7) |
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5.8 Appeals from the Competition Tribunal |
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210 | (2) |
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212 | (3) |
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6 The Telco Rule: the prohibition on exploitative conduct by a dominant telecommunications licensee |
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215 | (20) |
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215 | (3) |
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218 | (2) |
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220 | (2) |
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222 | (5) |
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6.5 Enforcement of the Telco Rule |
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227 | (8) |
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7 Competition and Hong Kong's major economic sectors |
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235 | (101) |
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235 | (12) |
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7.1.1 Features of Hong Kong's construction sector |
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236 | (3) |
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7.1.2 Competition in the construction sector |
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239 | (3) |
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7.1.3 Cartels in the construction sector |
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242 | (2) |
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244 | (3) |
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247 | (14) |
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249 | (10) |
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259 | (2) |
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261 | (18) |
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7.3.1 Competition law and the financial sector |
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262 | (7) |
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7.3.2 The financial sector in Hong Kong |
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269 | (3) |
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7.3.3 Competition law investigations in the financial sector in Hong Kong |
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272 | (3) |
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7.3.4 Financial sector focus for the future |
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275 | (4) |
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7.4.1 Horizontal cooperation |
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279 | (6) |
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7.4.2 Distribution routes to market |
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285 | (3) |
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7.4.3 Vertical restrictions |
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288 | (5) |
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7.4.4 Undertakings with substantial market power |
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293 | (2) |
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7.5 Telecommunications and broadcasting |
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295 | (17) |
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7.5.1 Development of telecommunications and broadcasting competition and regulatory framework |
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295 | (3) |
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7.5.2 Change from sector specific competition law regulation to the new general competition law regime |
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298 | (4) |
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7.5.3 Horizontal and vertical multi-party conduct cases |
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302 | (2) |
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7.5.4 Abuse of dominance (telecommunications) |
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304 | (3) |
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7.5.5 Abuse of dominance (broadcasting) |
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307 | (3) |
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7.5.6 Merger cases (telecommunications only) |
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310 | (2) |
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312 | (24) |
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313 | (10) |
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323 | (8) |
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7.6.3 Public rail and road transport |
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331 | (5) |
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8 Comparative Competition Law: China, Japan and South Korea |
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336 | (31) |
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8.1 Competition law in China and Hong Kong |
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336 | (15) |
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8.1.1 Social and economic drivers in Hong Kong |
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337 | (4) |
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8.1.2 Social and economic drivers in China |
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341 | (3) |
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8.1.3 Development of competition law in Hong Kong and China |
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344 | (4) |
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8.1.4 Implications for Chinese companies of Hong Kong competition law |
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348 | (3) |
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8.2 Competition law in Japan |
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351 | (6) |
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8.3 Competition law in South Korea |
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357 | (10) |
Appendix: The Competition Ordinance |
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367 | (112) |
Index |
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479 | |