People's Republic Of China Passes Comprehensive Anti-Monopoly Law
Mondaq Business Briefing › United States Law Articles in English (2007)
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People's Republic Of China Passes Comprehensive Anti-Monopoly Law
Nearly 14 years after the People's Republic of China (PRC) began efforts to enact a comprehensive competition law, the Standing Committee of the PRC National People's Congress passed the Anti-Monopoly Law ("AML") on August 30, 2007. The AML will become effective on August 1, 2008, and has several key implications:
The AML is similar in many ways to the laws of other jurisdictions that prohibit anticompetitive agreements (e.g., price fixing, group boycott and market allocation arrangements) and monopolistic conduct by dominant firms (e.g., tying, predatory pricing). Thus, companies doing business in China will likel...See the full content of this document
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