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A recent decision has clarified that the Federal Court is unable to receive submissions on an appropriate penalty (or range of penalties) from the Australian Competition and Consumer Commission (ACCC).
Last year competition agencies in China and the USA secured fines against manufacturers for a cartel to fix the price of automotive and industrial bearings.
The Federal Court of Australia has dismissed the ACCC’s anti-competitive conduct case against Pfizer, finding that Pfizer did not breach the prohibition on misuse of market power.
This article outlines the draft guidelines and briefly looks at issues of specific concern to the construction industry in Hong Kong.
We welcome the Financial System Inquiry (FSI) and the opportunity to offer detailed insights and recommendations to the inquiry via this written submission.