In the line of fire – Hong Kong Competition Tribunal issues its first director disqualification order
The Competition Tribunal has issued its first director disqualification order, marking a new milestone on the eve of the Competition Ordinance’s fifth anniversary. In its judgment of 30 October 2020, the Tribunal prohibited a director of a local decorating contractor from serving as a director for one year and 10 months.
Although a modest period of disqualification, it nonetheless marks a significant development in Hong Kong competition law enforcement. It serves as yet another reminder of the Hong Kong Competition Commission’s focus on holding individuals liable for anti-competitive conduct. The HKCC is currently seeking director disqualification orders in two other on-going cases against local businesses and persons involved in alleged cartels.