Thursday, July 15, 2010

Competition Law and (Dis)order

Dan Ryan, Director LRI (Wall Street Journal, 15 July 2010)
Hong Kong's antitrust bill threatens the rule of law that makes the territory so attractive to business.

One of Hong Kong's greatest commercial strengths is the rule of law. Both global and local businesses operate right on the doorstep of China with all the traditional common-law protections found in America or Britain. The territory has the additional advantage of not having suffered in the same way from the massive growth of the regulatory state that has affected other "developed" jurisdictions over the years. Yet a new bill presented to the territory's legislature by the government yesterday would undermine Hong Kong's advantage, ironically enough in the name of defending "competition."

Read the full article at http://online.wsj.com/article/SB10001424052748704518904575365963723383280.html

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