29 April 2014
On 18 April, China's Ministry of Commerce (MOFCOM) introduced a trial framework for the notification of simple concentrations or mergers. The Guidelines on the Notification of Simple Cases of Concentrations of Undertakings (Simplified Notification Guidelines) establish a procedural structure for the notification and assessment of transactions falling within MOFCOM's Interim Provisions on the Standards that Apply to Simple Cases of Concentrations of Undertakings. While the Simplified Notification Guidelines are silent on the precise timing for a simplified review, they represent nonetheless an important milestone on the path toward a more fully fledged simplified procedure.
This legal update outlines key elements of the trial framework introduced by the Simplified Notification Guidelines.