
A lodge firm and a vacation agency had been ordered to pay back HK$5.77 million in fines over a vacation providers rate-correcting scenario, although a previous Journey Marketplace Council (TIC) chairman included was banned from remaining a director of any enterprise for a few several years.
The probe was at first initiated by the Competitors Fee although the lodge business Tak How Expense Ltd – buying and selling as Intercontinental Grand Stanford HK – entered into a settlement with the company Gray Line Tours of HK Ltd, the director of which was TIC’s former chair Wu siu-ieng.
The two sides admitted legal responsibility for their contravention of the Level of competition Ordinance as the two rival journey company suppliers mounted selling prices of tourist sights and transportation tickets sold at various hotels between May well 2016 and May possibly 2017.
They then, together with the fee, submitted a joint software to the Competitiveness Tribunal to dispose of the proceedings by consent.
The tribunal on Thursday purchased Gray Line and Tak How to shell out pecuniary penalties of HK$4.17 million and HK$1.6 million, respectively, with the commission’s investigation and litigation expenses protected.
Their penalties have been discounted by 25 and 20 per cent, respectively, for their admissions of infringing conduct and cooperation through the investigation.
In the meantime, the tribunal has purchased that “Wu be disqualified from performing as a director in any company for 3 a long time,” in accordance to a statement.
“Proceedings are ongoing for two undertakings, namely Harbour Plaza 8 Levels Limited and Harbour Plaza Resort Management Ltd and Prudential Hotel (BVI) Ltd,” it ongoing.
The fee welcomed the tribunal’s orders, which depict a significant outcome in the enforcement of the ordinance.
The fee additional it is the 1st circumstance wherever the fee fixed an enforcement motion by way of consent based mostly on its Cooperation Policy.
Also read: Tour company and lodge to be fined HK$5m for selling price-fixing (Jan 20)
