China Introduces Simplified Merger Review Provisions to Improve Process* Over the past several years, companies engaging in mergers, acquisitions and joint ventures have been subject to long and unpredictable competition reviews for transactions notified in China. Although China’s Anti-Monopoly Law (AML) prescribes an initial 30-calendar-day Phase I review period, similar to those found in other jurisdictions, in practice even straightforward transactions without apparent competition issues may nevertheless spend several months in review. As an initial step to address these delays, the Ministry of Commerce (MOFCOM) [1] has recently promulgated the Interim Provisions on the Standards Applicable to Simple Cases in Concentrations of Undertakings (the Interim Provisions). The Interim
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The Chinese MOFCOM introduces simplified merger review provisions to improve process
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