LUTZ-CHRISTIAN WOLFF School of Law The Chinese University of Hong Kong

1. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong  A s i a n C o m p e t i t i o n F o r u m Third Annual Conference Hong Kong, 10 December 2007 Asian Culture and Competition Law in Asia 1.Introduction 2. Culture and the law 3. Culture and competition law 4. Installing truly Asian competition law systems 5. Final remarks

2. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong  Culture historically evolved values, attitudes and meanings learned and shared by the members of a given community influencing their material and non-material way of life. (Monir Tayeb, Cultural Differences across the World, in Tayeb (ed.), International Management (Harlow et.al., 2003), pp. 8-27 (10)

3. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong Culture determines human behavior!

4. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong Law has to fit into the respective social, economic, legal and CULTURAL environment in order to be effective.

5. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong CULTURE determines HUMAN BEHAVIOR determines COMPETITION LAW. Really?

6. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong Asian Culture and Competition Law What is Asian culture? How to translate Asian culture into Asian competition law? Asian culture and legislative practice

7. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong) Asian Culture Asia: Kazakhstan, Israel, Yemen, China, Malaysia, India, Japan, Korea, Laos, Philippines, Singapore � Mainland China � Hong Kong � Japan Multi-cultural Asian societies

8. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong How to translate Asian culture into Asian competition law? General cultural differences DO NOT automatically justify conclusions regarding any impact on competition law structures!

9. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong How to translate Asian culture into Asian competition law? Verifying the cultural compatibility of competition laws: empirical truth vs investment of time, money, energy �

10. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong �Problems cannot be solved at the same level of awareness that created them.� (Albert Einstein)

11. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong � but, the awareness of the (potential) cultural determination of competition law is the first step to reaching the level at which the problems arising out of such awareness can be addressed. Not only in Asia!

12. LUTZ-CHRISTIAN WOLFFSchool of Law � The Chinese University of Hong Kong Thank you!