The Chinese MOFCOM issues guidelines on the assessment of mergers under the anti-monopoly law

The Ministry of Commerce of the People’s Republic of China ("MOFCOM") has published its Interim Rules on the Assessment of the Effects of Concentrations of Undertakings on Competition ("Rules"), effective September 5, 2011. The Rules explain how MOFCOM will assess mergers or other "concentrations" under the PRC Anti-Monopoly Law ("AML"). Although the Rules incorporate some concepts and elements from the horizontal and non-horizontal merger guidelines issued in other jurisdictions, such as the US and Europe, they also reflect the AML’s unique Chinese characteristics. These Rules do not provide guidance at the same level of detail as equivalent guidelines in other jurisdictions. This is in part explained by the fact that merger review under the AML still is in its early stages. Indeed,

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Peter J. Wang, Sébastien J. Evrard, Yizhe Zhang, The Chinese MOFCOM issues guidelines on the assessment of mergers under the anti-monopoly law, 5 September 2011, e-Competitions Bulletin September 2011, Art. N° 50114

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