At the beginning of August 2008, after more than 14 years of discussion, the new People's Republic of China Anti-Monopoly Law (AML) came into force. The AML introduces to China similar competition law principles to those found in the other major jurisdictions. The AML applies to all 'business operators', including natural and legal persons and any other entities that either produce goods or supply services. It is not clear whether and, if so, to what extent the AML will apply to Chinese state-owned enterprises (SOEs). This may potentially have a significant effect on the scope of the AML. Geographically, the AML is extra-territorial.
September 24, 2008 at 09:07 PM
1 minute read
The original version of this story was published on Legalweek
After 14 years of procrastination, China has finally put its long-awaited anti-monopoly law into effect
At the beginning of August 2008, after more than 14 years of discussion, the new People’s Republic of China Anti-Monopoly Law (AML) came into force. The AML introduces to China similar competition law principles to those found in the other major jurisdictions.
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