On 27 April 2017, Hong Kong’s High Court rejected allegations by travel agency, Loyal Profit International Development that certain directives issued by the Travel Industry Council (TIC) were anti-competitive, and refused to rule on alleged violations of competition law.
The Hong Kong Court of Final Appeal has handed down a landmark ruling clarifying an important element in an offence under section 9 of the Prevention of Bribery Ordinance.
China has launched the “two-invoice” system in drug distribution on a trial basis, aiming to improve transparency in drug prices and eliminate excessive profit margins associated with multi-tier distribution models.
The Court of First Instance of the Hong Kong High Court ordered the Securities and Futures Commission to produce relevant documents obtained in its investigations to respondents of disqualification proceedings.
Hong Kong: Director’s Failure to Disclose Interest = Commercial Bribery?
Latest Court of Final Appeal decision shows that a director's failure to disclose interest can have private sector bribery implications.
The Market Misconduct Tribunal issued a report finding that a company and its directors breached the disclosure obligations under the Securities and Futures Ordinance by failing to disclose inside information as soon as reasonably practicable.