Suggestions on Regulatory Compliance with the New Anti-monopoly Law for Multinational Companies in China
October 02, 2007 | BY
clpstaff &clp articlesThe article helps legal departments of foreign companies in China to better understand the new law and legally maximize their interest under the restrictions of the Anti-Monopoly Law.
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By Michael Zhang and William Zheng of Sheppard Mullin Richter & Hampton LLP
On August 30 2007, the National People's Congress passed the Anti-monopoly Law (反垄断法)of the People's Republic of China (AML). Its passage marks a historical moment in China's legal history. After over 10 years of drafting and preparing an anti-monopoly law, China has finally joined the ranks of countries with advanced antitrust legal provisions. The AML will come into effect on August 1 2008 and, based upon its language, should succeed in its aim of ensuring fair competition in the Chinese market.