Clearer fines and cleaner immunity: Hong Kong's first antitrust penalty and revised leniency policy

Until recently, understanding antitrust risk in Hong Kong was difficult due to uncertainties in the local antitrust regime, particularly on fines and leniency. These issues have been clarified in the past month with the first Tribunal decision on cartel pecuniary penalties and a revised set of leniency policies for cartels. We take a look at how these new developments impact decisions on managing competition compliance and antitrust investigations in Hong Kong.