Hong Kong Watchdog Considers Criminalizing Bid-Rigging
Hong Kong's competition authority is considering proposing the criminalization of bid-rigging as early as September. This move comes after a deadly fire in Tai Po and aims to strengthen regulations against such practices.
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Hong Kong watchdog to propose criminalising bid-rigging as early as September
Hong Kong’s competition watchdog aims to submit proposals to criminalise bid-rigging as early as September, paving the way for the government to table legislative amendments by the end of the year, following the city’s deadliest fire in decades. Senior Counsel Jat Sew-tong, who assumed the role of chairman of the Competition Commission last month, said on Friday that the watchdog would also launch a study into the city’s auto fuel market amid a surge in prices. The market has faced long-stand...
By Matthew Cheng
Read full article →Hong Kong competition body mulls criminalising bid-rigging after deadly Tai Po blaze
Hong Kong’s competition watchdog has announced that it is considering criminalising bid-rigging, proposing a maximum penalty of seven years’ imprisonment. Barrister Jat Sew-tong, chairperson of the Competition Commission, announced on Friday plans to amend the Competition Ordinance to criminalise bid-rigging, local media reported. The commission hopes to table the amendment by the end of this […]
By Irene Chan
Read full article →Coverage Timeline
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