find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Competition doesn’t stick

Competition doesn’t stick

A team of Gilbert + Tobin lawyers has worked on a report on competition in the Hong Kong auto-fuel market with Hong Kong based Arculli & Associates (now merged into Arculli Fong & Ng,…

A team of Gilbert + Tobin lawyers has worked on a report on competition in the Hong Kong auto-fuel market with Hong Kong based Arculli & Associates (now merged into Arculli Fong & Ng, the Hong Kong affiliate of China’s largest law firm, King & Wood) and NERA Economic Consulting.

The firms were commissioned to assess the competitive environment and potential for anti-competitive conduct in the auto-fuel retailing sector by the Hong Kong government in 2005.

Peter Waters, a Gilbert + Tobin partner who has been based in Hong Kong for the past five years, said the firm had worked with Arculli & Associates on a number of competition projects in the Asia-Pacific region. “There is no competition law in Hong Kong currently so there is no real market experience of doing market analyses,” he said.

“They basically needed to look to overseas experience of competition law.” He said the government was also in the process of considering whether or not to introduce competition law to Hong Kong.

Waters said the study was conducted in the same way that a competition authority like the Australian Competition and Consumer Commission would look into allegations of price fixing.

This was done without the ACCC’s advantage of having the power to compel the production of information for such investigations, but Waters said a reasonable amount of information was obtained.

The report found no evidence of price collusion in Hong Kong, but did find that consumers in that market pay comparatively high prices to the rest of the world, and that oil company margins in Hong Kong are significantly higher than in other countries.

Recommendations to improve competition include improving the transparency of the auction process for petrol stations and reducing restrictions on site use to allow for increased non-fuel retailing at petrol stations. Waters said the government would consider the recommendations made in the report, including that there be rules against cartel behaviour and mergers. That decision will be part of the government’s review into whether or not the Special Administration Region should introduce competition law.

Liza Carver led the G+T team in Australia.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Competition doesn’t stick
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...