Friday, 28 February 2014

China Updates- development of MOFCOM on competition cases

MOFCOM continues to develop its approvals and decision making process on competition cases. On February 11th it published the final version of its "Interim Provisions on the Standards that Apply to Simplified Cases of Concentrations of Undertakings". In short, this proposes a fast-track in relativey simple anti-trust cases.

At the same time, in more complex cases, such as the Thermo Fisher Life case, decisions are being handed down at record speed, the Fisher Life decision, despite being very complex, taking only six monthes, compared with over a year of previous similar cases.

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