Friday, 16 September 2016

Hong Kong Updates- Block Exemption Order

The Hong Kong Competition Commission published (on 14th September) its first proposed BEO (block exemption order). This, if finally issued, will be for various shipping liner shipping agreements. Submissions are invited before such BEO goes final.
A BEO is an exemption from the general principle (first conduct rule) under the Competition Ordinance that competition should not be restricted. A BEO can be issued where improvements in overall economic efficiency outweigh the reduction in competition.
The case in question involves vessel sharing agreements, akin to airline code-sharing) amongst shipping lines. However, additional arrangements (vessel discussion agreements), for which a BEO was also sought, are not being approved by the Competition Commission.

Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!


Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
Follow us on:
LinkedIn: Primasia
Primasia Corporate Services Limited
Tel: +852 2882 2088

Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

No comments:

Post a Comment