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China's competition law: under starter's orders

By Lara Wozniak | 4 September 2007
Keywords: clifford chance | anti monopoly law | china

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China passes a new anti-monopoly law. We talk to Clifford Chance lawyers to find out how it works.

China's new Anti-Monopoly Law (AML) was adopted on August 30, 2007, and will come into effect on August 1, 2008. Kelly Gregory, senior associate at Clifford Chance in Shanghai, talks to FinanceAsia about the law's implications.

How will this new law impact businesses?
When the law comes into force, any company taking control of another will have to prove that the acquisition will not eliminate or restrict competition in that industry in China by notifying the deal to the authorities. Failure to obtain proper clearance could lead to the deal being unwound by the ...

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