chinas-competition-law-under-starters-orders

China's competition law: under starter's orders

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 regulators.

The AML will also restrict day-to-day business practices that could harm consumers in China. It will stop companies fixing...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222