The New Chinese Anti-Monopoly Law

Law360, New York (November 28, 2007, 12:00 AM EST) -- China's National People's Congress ("NPC") finally adopted a new Anti-Monopoly Law ("AML") in August after more than 10 years of drafting. The law will take effect on Aug. 1, 2008.

Overview

The new AML is a tremendous leap forward for China, bringing it squarely into the modern world of antitrust and competition law.

Based loosely on various European models and input from U.S. law, its general structure includes four substantive sections that (1) prohibit certain types of agreements unless they fall within specified exemptions; (2) prohibit...
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