China 'Urgently' Working On Streamlined Antitrust Review

Law360, Washington (March 26, 2014, 1:37 PM EDT) -- A top Chinese antitrust official assured lawyers on Wednesday that the regulator is working "urgently" to streamline its review process for simple mergers and joint ventures that don't pose monopoly threats to the country, but warned that its 20-person staff is already stretched thin.

China's Ministry of Commerce, or MOFCOM, has already promulgated some interim rules laying out the criteria for simple antitrust cases under Chinese law in February, and the regulator's Anti-Monopoly Bureau head Shang Ming said it's working hard on additional procedural rules for...
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