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Hong Kong’s competition watchdog tightens tender clauses to target bid-rigging

Asia-Pacific 1 source 1 country 🔦 Under-reported 24m ago

Hong Kong’s competition watchdog has revised its tender clauses to require bidders to make a statutory declaration that they have not engaged in collusion on a project, as part of a wider move to criminalise bid-rigging following the city’s deadliest fire in decades. Senior counsel Jat Sew-tong, chairman of the Competition Commission, also said on Thursday the body was considering proposing to raise the maximum penalty for the proposed criminal offence from seven to 10 years.

Summary from source
Read the full story at the source South China Morning Post · HK
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