WebJul 1, 2024 · 2024 Amendment to China’s Anti-Monopoly Law – Key Takeaways. Enhanced penalties. Monopoly agreements and abuses of dominant market positions: … WebJun 17, 2024 · China to Amend Anti-Monopoly (Antitrust) Law. Thursday, June 17, 2024. On June 11, 2024, the General Office of the State Council released the Notice of the …
New China Antitrust Regulations Strengthen Legal Framework
The Anti Monopoly Law of China (Chinese: 反垄断法; pinyin: Fǎn Lǒngduàn Fǎ) is the People's Republic of China's major legal statute on the subject of competition law (or antitrust law). It was passed by the National People’s Congress in 2007 and came into effect on 1 August 2008. WebFeb 9, 2024 · On 7 February 2024, the Antimonopoly Committee of the State Council issued the Antimonopoly Guidelines on Platform Economic Sector (Platform Antimonopoly Guidelines), which is China’s first specific antitrust rules on platforms. The Platform Antimonopoly Guidelines signal a strengthening of antitrust enforcement … hidden river lodge ontario canada
Anti-monopoly Law of the People’s Republic of China
WebFeb 13, 2024 · China offered a glimpse of what its antitrust regime may look like in the future by issuing few proposed amendments to the Anti-Monopoly Law for consultation … WebJul 1, 2024 · 2024 Amendment to China’s Anti-Monopoly Law – Key Takeaways. Enhanced penalties. Monopoly agreements and abuses of dominant market positions: The AML provides that a monetary fine of 1% to 10% of the previous year’s turnover, i.e., revenue, shall be imposed for such violations. The Amendment leaves that in place, but … WebJul 6, 2024 · On August 1, 2024, long-awaited amendments to China’s Anti-Monopoly Law — the first ever — will go into effect. These amendments include significantly harsher penalties and fines for certain violations, modifications to the merger review process, and additional clarification of the law surrounding certain types of conduct. howell auto salvage