The Chinese MOFCOM fines an imaging and optical products manufacturer for failure to notify its acquisition of a company active in the medical equipment sector (Canon / Toshiba Medical Systems)

On 16 December 2016, China’s Ministry of Commerce (MOFCOM) published its decision to fine Canon Inc. (Canon) for failure to notify its acquisition of Toshiba Medical Systems Corporation (TMSC) under the Anti-Monopoly Law (the AML). The decision is an important development for two key reasons: first, it is the first foreign-to-foreign transaction that has attracted a MOFCOM penalty for failure to notify; and second, it demonstrates MOFCOM’s determination to clamp down on transaction structures deliberately designed to avoid or defer merger filings. The transaction Canon, a Japanese-based imaging and optical products manufacturer, acquired TMSC, a Japanese company active in the medical equipment sector, from Toshiba Corporation (Toshiba)

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Fangda (Hong Kong)
  • Freshfields Bruckhaus Deringer (Hong Kong)
  • Freshfields Bruckhaus Deringer (London)
  • Freshfields Bruckhaus Deringer (Hong Kong)

Quotation

Joy Wong, Ninette Dodoo, Nicholas French, Alastair Mordaunt, The Chinese MOFCOM fines an imaging and optical products manufacturer for failure to notify its acquisition of a company active in the medical equipment sector (Canon / Toshiba Medical Systems), 16 December 2016, e-Competitions December 2016, Art. N° 94756

Visites 46

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues