Key facts
- Hong Kong beauty and gym operators are concerned about a proposed 7-day cooling-off period for contracts.
- The government is considering this measure to combat aggressive sales tactics.
- Operators believe the rule could negatively impact their businesses.
- The proposed rule applies to contracts within the beauty and gym industries.
- The cooling-off period would be 7 days long.
Beauty and gym operators in Hong Kong are expressing apprehension regarding a potential 7-day cooling-off period for contracts. This proposed measure, under consideration by the government, aims to address and prevent aggressive sales tactics employed by some businesses. However, industry representatives warn that such a regulation could have a detrimental effect on their operations and overall trade. The concern stems from the potential for increased contract cancellations and the associated business disruptions. The government has not yet finalized the decision on implementing this cooling-off period, leaving businesses in a state of uncertainty.