news

• Kid gloves for competition law

  May 27, 2014

  Competition Commission chairwoman Anna Wu Hung-yuk says the competition law will be leniently enforced initially when it comes into effect next year.

  Wu said the commission will approach firms for their views and will consult with the Legislative Council, companies and the public.

  She said she fully understood a fear shared by small and medium-sized companies of breaking the law unknowingly because they are unfamiliar with it.
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• Viet Nam, RoK aim to finalise free trade deal

  May 27, 2014

  HA NOI — Viet Nam and the Republic of Korea (RoK) have reiterated their determination to wrap up negotiations on a bilateral free trade agreement (FTA) by the end of this year.

  The fifth round of talks, held in Seoul from May 20 to 23, has seen progress made in the fields of tariff, rule of origin, services and investment. Progress was also seen in legal issues and institutions, trade, defence, and sanitary and phytosanitary measures, as well as technical barriers to the trade agreement and economic cooperation, according to the Ministry of Industry and Trade.
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• Report highlights need for change to increase exports

  May 27, 2014

  HA NOI — Viet Nam should improve the infrastructure of logistics, management of supply chains and commercial procedures to increase the competitiveness of its exports in the world market, said HSBC.

  According to the HSBC Research Department’s report on Viet Nam’s macro economy, Viet Nam is now a net exporter of food and a price setter for many agricultural commodities in the global market, ranging from rice to coffee. Even in manufacturing, it is gaining a global market share, with the label Made in Vietnam being increasingly visible in shopping malls across the world. The report was released by the HSBC Bank (Viet Nam) Ltd last week.
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• Permitted Use Restrictions and Competition Law – When is a Restriction Too Restrictive?

  May 21, 2014

  For a long time, land agreements, namely agreements between businesses which create, alter, transfer or terminate an interest in land, were excluded from the application of the UK’s Competition Act 1998 (CA ‘98) as a matter of policy. That exclusion was revoked with effect from 6 April 2011, and such agreements must, as a result, be assessed in light of the prohibitions contained in the CA ’98. The recent case of Martin Retail Group Limited v Crawley Borough Council (Case 3CL 10014) focused on whether a use restriction contained in a lease breached the CA ‘98’s Chapter One Prohibition against agreements which restrict, prevent or distort competition and, if so, whether it was capable of exemption.
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• Africa: UNDP Highlights the Importance of Competition in Increasing Access to Health Technologies

  May 19, 2014

  NEW YORK — The United Nations Development Programme (UNDP) released a new guidebook today encouraging low- and middle-income countries (LMICs) to make greater use of competition law and policy to increase access to HIV treatment and other health technologies.

  Governments and civil society actors in a growing number of countries have successfully used competition law to promote healthy, open and fair market conditions in the health technologies sector, “yet many others are only now recognizing the importance of competition law, and are beginning to devote more legislative and administrative resources to the field,” Frederick Abbott, editor and one of the five authors of the Guidebook, said.
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• Aircraft industry: Trade war in the making between the US and the European Union

  May 19, 2014

  The European Union is considering raising the pressure on the United States in the world’s largest trade dispute by challenging tax breaks that encouraged planemaker Boeing (BA.N) to keep production of its latest jet in Washington state, people familiar with the matter said on Friday.

  The potential move would open a tense new phase in the decade-old formal trade dispute over aircraft industry aid, as Brussels and Washington argue about whether they have complied with rulings by the World Trade Organization, which in turn could set the tone for sanctions.
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• Thai firms face software charges

  May 17, 2014

  Three Thai processed-food exporters are facing prosecution in the US for using pirated software in their production processes.

  Kullanee Issadisai, acting Intellectual Property Department director general, told Spring News Arkansas attorney general had told the department the three Thai manufacturers of canned corn and fruit juice had been accused of violating the US Unfair Competition Act.
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• Viet Nam targets more FDI with new legal framework

  May 17, 2014

  HA NOI — Viet Nam plans to improve its legal framework to create a favourable investment environment and help the state better manage these activities, said an official from the Ministry of Planning and Investment at a seminar in Ha Noi yesterday.

  Since economic reforms began in 1986, FDI has played an important role in international integration and economic development, deputy minister of planning and investment Dang Tien Dong said at the seminar.
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