For the first time since China’s Anti-Monopoly Law (AML) came into force in 2008, the government is proposing major changes to its centerpiece antitrust legislation. On January 2, 2020, the State Administration for Market Regulation (SAMR) published a draft amended Anti-Monopoly Law for public comments (Draft AML). The key changes in the Draft AML include proposals to: dramatically increase fines, especially for (i) failures to notify mergers, acquisitions and joint ventures, (ii) gun-jumping, and (iii) breach of merger conditions; and introduce mechanisms to stop the review clock during merger control assessments by SAMR. The Draft AML would also articulate a more precise definition of “control” for evaluating notifiability of potential transactions, and add an indispensability
The Chinese State Administration for Market Regulation publishes a draft amended Anti-Monopoly Law for public comments
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