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INTERNATIONAL POLICY: MOFCOM - MERGER REGULATION - EXTRATERRITORIAL MERGER PROHIBITION

China: The Ministry of Commerce of the People’s Republic of China issues a guiding opinion on the notifications of concentrations of undertakings and prohibits an international merger with extraterritorial effects

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Antimonopoly Bureau of the Ministry of Foreign Trade (MOFCOM), one of the three Chinese competition authorities particularly in charge of merger control, issued on June 6, 2014 a "Guiding opinion" on the notification of business mergers. This "Guiding Opinion" is intended to show an empirical and evolving attitude on the part of the institution, which also affirms its exclusive political perimeter in the conceptual and procedural aspects of merger control. In addition, MOFCOM's Antimonopoly Bureau pursued its important agenda of strengthening Chinese competition policy by pronouncing on 17 June the second ban on an international merger, essentially

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François Souty, Stéphanie Yon-Courtin, China: The Ministry of Commerce of the People’s Republic of China issues a guiding opinion on the notifications of concentrations of undertakings and prohibits an international merger with extraterritorial effects , 17 June 2014, Concurrences N° 3-2014, Art. N° 67831, pp. 229-231

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