On 30th August 2007, the Anti Monopoly Law was approved by the Standing Committee of the National People s Congress. The Law will come into effect on 1st August 2008
The Anti Monopoly Law, which has been in the pipeline since 1994, is a welcomed development that should help nurture a more open economy and level playing field for business in China.
Nonetheless, uncertainties remain. In particular, the introduction of a National security review, to which foreign investors will be subject to when looking to acquire domestic enterprises. Furthermore, the emphasis on the protection of certain state dominated sectors raises equal treatment related concerns.
The Legal Working Group of the European Chamber is delighted to invite you to a seminar that will take a more in depth look at this law and its effect on European Business in China.
Speaker: Mr. Peter Corne, Managing Partner at Eversheds Law Firm and Chairman of the Shanghai Legal Working Group. To view Mr. Peter Corne's CV please click here
Agenda
08.00 08.30 Registration
08.30 09.15 Presentation by Mr. Peter Corne
09.15 09.45 Q&A
Registration
To register for this event, please email this form to Mr. João Gago at jgago@euccc.com.cn by Wednesday September 19th, noontime. Confirmations and cancellations by phone are not accepted. Please note that cancellations should be done before September 19th, noontime.
No-shows who fail to cancel before this time will be invoiced for the event.
Registrations done after the deadline will be accepted only if space permits and are charged an additional 50 RMB walk-in fee.
Event review
Legal Working Group - Seminar
On 30th August 2007, after 13 years of legislative effort and debate, the first Anti-Monopoly Law in China will be promulgated. The new law that will come into effect on the 1st August 2007 establishes a legal framework for competition. It includes 8 chapters and 57 articles, covering various perspectives. Mr. Peter Corne, Managing Director of Eversheds LLP and Chairman of the European Chamber and Mr. Steve Yu, Senior Lawyer at Eversheds LLP have gave not only many valuable insides on proper perception of the law but also practical advice on how to address potential risks for your company.
The presentations where followed by a lively discussion during which members asked various questions with regards to the interpretation of the new law and its impact on various aspects of business. The Chamber’s Legal Working Group will continue to monitor developments related to this new law and especially the drafting process of the implementation rules for the Anti-Monopoly law and will provide comments.
To view an article by the speakers and an unofficial English translation of the law courtesy of Eversheds please click here