The Chinese MOFCOM publishes provisional rules on divestitures remedies

Zhan, Hao

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8 Jul 2010

The Chinese MOFCOM publishes provisional rules on divestitures remedies

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References

Chinese MOFCOM, The provisional rules on implementing divestiture of assets or businesses, Press release, 8 July 2010 (Chinese)

Chinese MOFCOM, The interim regulations on implementing the divestiture of assets or businesses in concentration of business operators, 8 July 2010 (Chinese)

Divestiture Regulation: A Giant Leap in Chinese Concentration Review Regime* On July 8th, MOFCOM (Ministry of Commerce of People’s Republic of China) released The Provisional Rules on Implementing Divestiture of Assets or Businesses(“Provisional Rules”). This legislative move can be seen as China’s aggressive while at the same time, practical effort in the perfection of Chinese concentration review regime within the framework of Chinese Anti-monopoly Law (“AML”). So far, China has only slightly less than two years of antitrust enforcement. Yet some antitrust professionals have already been amazed by how China has quickly become the world’s third most important merger control jurisdictions, and its influence is still ascending. MOFCOM, SAIC and NDRC, China’s three AML enforcement