Joint ventures under Hong Kong’s competition law: Compliance tips
Joint ventures must be properly structured and managed to ensure they do not breach Hong Kong’s new competition law. Agreements that breach the law may be declared void and participants may be fined up to 10 per cent of their annual turnover. It is therefore essential that companies assess new and existing joint ventures in light of the competition law. This article provides tips on how to make sure joint ventures comply with the Competition Ordinance, including a quick outline of the competition rules, competition law risks, joint venture compliance tips and so on.