Competition Law Will Benefit Hong Kong

In a letter to the WSJ dated July 20, 2010, Andrew Simpson and Marc Waha responded to Dan Ryan’s article “Competition Law and (Dis)order” with the following claims:

  • Dan Ryan exaggerates the “vagueness and arbitrariness” of Hong Kong’s proposed competition law; most businesses can pinpoint the distinction between when they are competing and when they are collaborating or exerting their market power.
  • In more than 100 countries with competition law, businesses have not been led to seek clearance from competition authorities for everything they do; this is a fairly small portion of a competition authority’s operations, in general.
  • Competition law will not radically change Hong Kong’s free market tradition, but rather it will better protect it from those who seek to extract profits in ways that subvert competition.

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