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The long-awaited decree was issued on 21 May 2013 (the "Decree"). The Decree enables the implementation of the Transparency Law.   A circular which will provide complete terms and conditions of application of the Decree should also be published...

After several years of drafting and three rounds of public consultation, the Ministry of Health has at last published the revised Good Supply Practice for Pharmaceutical Products (Revised GSP Standards) (药品经营质量管理规范) on 22 January 2013. The Revised GSP Standards...

Australia continues to be the destination of a significant volume of foreign direct investment, and has been ranked within the top 10 most attractive locations for foreign investment globally. Foreign investment in Australia is governed by a complex combination...

The Unitary patent package Twenty-five member states of the European Union, including the Czech Republic and Slovakia recently signed an Agreement on a Unified Patent Court ("UPC"). The agreement (if ratified by the required number of participating...

On 22 March 2013 the OFT published a "Frequently Asked Questions" document setting out further details on its remit and role in respect of National Health Service ("NHS") mergers. Notably, the FAQ highlight the OFT's broad remit...

Allgemeine Vorbereitung Die folgenden Maßnahmen sollten zur allgemeinen Vorbereitung für den Fall einer Vor-Ort-Nachprüfung oder Durchsuchung durch Kartellbehörden getroffen werden: 1. Erstellen Sie eine Liste der Mitglieder der Geschäftsleitung...

On 20 December 2012, the Australian Competition and Consumer Commission (ACCC) authorised edition 17 of Medicines Australia’s Code of Conduct (MACC) for two years only. Medicines Australia had sought authorisation for five years. The MACC is a voluntary...

After years of deliberations, the so-called "EU package" was approved by the European Parliament and Council in December 2012. While it remains to be seen whether the legislative acts of the highly contentious package will really come into force as...

Recent years have seen acquisitions become a common element of any growth strategy for multinationals engaged in China's pharmaceutical market.  At least half of the top 10 multinationals in China appear to be actively pursuing one or more targets with...

The German Foreign Trade Act (Außenwirtschaftsgesetz) and the respective implementation regulation (Außenwirtschaftsverordnung) enable the German federal government to prohibit or restrict certain foreign investments in Germany. This form of acquisition...