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Clifford Chance

Clifford Chance

APAC Perspectives Series

The amended Anti-monopoly Law of China and its implications

China's Anti-monopoly Law has just been amended for the first time since its introduction in 2008.  The amended Law emphasises the fundamental role of competition policy in China's market economy and includes substantial changes.

In this session, we highlighted key changes such as the introduction of "stop-the-clock" in merger control review, a significant increase in failure-to-file fines as part of an enhanced sanction regime, call-in of below-threshold transactions.  The amended Law also prescribes a more relaxed approach towards resale price maintenance, the application of market share-based safe harbour on vertical agreements and reflects the growing importance of digital economy. We also shareed how these changes will affect M&A transactions as well as the antitrust compliance of a company's daily operation.

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