China OKs E-Security Joint Venture, With Conditions

Law360, New York (December 11, 2012, 4:43 PM EST) -- China's antitrust watchdog signed off Thursday on a joint venture by three technology and security companies to develop an electronic security standard for mobile devices, but required the companies to make information about the technology they develop available to competitors.

The conditions the Chinese Ministry of Commerce placed on the joint venture between United Kingdom patent group ARM Holdings PLC, Netherlands-based Gemalto NV and Germany-based Giesecke & Devrient GmbH are similar to the ones the European Commission mandated when it cleared the transaction in early November....
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