The Ministry of Commerce (MOFCOM)'s decision to block the P3 alliance sparked global interest, especially as EU and US competition authorities had already approved the deal. But the ruling just underlines policy consistency and shows that PRC antitrust approval will continue to be a hurdle for M&A.
MOFCOM's Maersk block reveals the rules of the game
MOFCOM's decision to block the P3 alliance has confirmed the complex nature of merger control in China. Parties need to prepare more for filing in China than in other jurisdictions and have a Plan B in place
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