Antitrust allies

| BY

clpstaff &clp articles

A recent agreement signed between Chinese and US competition agencies aims to bring effective and consistent enforcement, which will bring greater consumer benefits and legal certainty for businesses. However, coordinated enforcement activities are not likely to occur any time soon

On July 27 2011 the US antitrust enforcement agencies (the Federal Trade Commission and the Department of Justice) and the Chinese anti-monopoly enforcement agencies (the National Development and Reform Commission (NDRC), the Ministry of Commerce (Mofcom) and the State Administration for Industry and Commerce (SAIC)) signed a Memorandum of Understanding (MOU) on antitrust and anti-monopoly cooperation. The MOU forms part of an expanding international network of cooperation agreements between enforcement agencies in the field of antitrust. But what are the enforcement authorities hoping to achieve with this particular MOU and what impact can global businesses expect to see as a result of the signing of this MOU?

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]