Proposed Substantive Provisions  HKSARG Detailed Proposals May 2008  Application to ' Undertakings '  Anti-competitive agreements and concerted practices – general prohibition with examples  No definitive list  No per se prohibitions rather a requirement to show the purpose or effect is to substantially lessen competition  Application to horizontal agreements or practices only  Hardcore cartel activities – price fixing, market allocation, bid rigging – almost a presumption  Guidance to be issued
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