STAND. COM. REP. NO. 1507
Honolulu, Hawaii
, 2005
RE: S.B. No. 702
S.D. 2
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Judiciary, to which was referred S.B. No. 702, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO ANTITRUST,"
begs leave to report as follows:
The purpose of this bill is to update, consistent with changes to federal antitrust law, remedies available under Hawaii's antitrust laws governing mergers and acquisitions by, among other things:
(1) Making antitrust laws governing mergers and acquisitions applicable to all business entities;
(2) Allowing private plaintiffs to seek injunctive relief to prevent threatened or incipient damage; and
(3) Giving the court discretion to award attorney's fees to the prevailing party.
The Attorney General supported the intent of this bill.
As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 702, S.D. 2, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Judiciary,
|
____________________________ SYLVIA LUKE, Chair |
||