The Biggest Changes In China's Draft Anti-Monopoly Law
Law360 (January 13, 2020, 10:35 AM EST) -- On Jan. 2, China's State Administration for Market Regulation published the draft for the revised Anti-Monopoly Law on its official website.
The draft for public comments has brought multiple eye-catching revisions into public view, including:
Significantly aggravating the penalties on businesses who violate statutory requirements for merger filings;
Adding a new provision prohibiting businesses from organizing or facilitating others to reach the monopolistic agreements;
Increasing the penalties on businesses and individuals who fail to cooperate with antitrust investigation;
Adding a new provision on tolling the time for reviewing merger filings;
Specifying the applicable scope for the suspending procedure; and
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