Is China Set to Start Fining Firms Who Don’t Obtain Anti-monopoly Approval for Deals?
16 June 2011
Mayer Brown JSM Legal Update
On 13 June 2011, China's Ministry of Commerce (Mofcom) released a draft version of new interim measures that detail steps it may take to investigate and penalise business operators who fail to comply with the mandatory notification obligation that applies to certain M&A transactions under the Anti-Monopoly Law. This development, along with recent statements by senior Mofcom officials, signals that the regulator may finally be preparing to take a tougher stance on transgressions.