If mature societies legislate slower, China has certain reached adulthood. More than a decade of debate and many, many drafts
\nlater monopolies will become unlawful this year.
\nLook closer. There are few concepts to send MN's (Multi-National Corporation) lawyers into study sessions.<\/p>\n
In addition to the prevention of businesses squeezing out competition with predatory means, China's anti-monopoly laws prevent administrative monopolies<\/i>: those protected by governmental barriers. Tobacco, transportation, stele-communication, and postal services are examples at national level, tourism and agriculture at regional. Is it an administrative monopoly, say, to stop issuing new taxi permits in New York city?<\/p>\n
MN's worry the economic security<\/i> clauses that govern foreign acquisitions. China now has a legitimate bureaucratic weapon to stall, or stop, acquisitions in name of national security. Does it sound familiar? Remember CNOOC's failed attempt<\/a> to acquire Unocal? US Congress stopped it based on the threat to US national security. Funny that many US companies, Carlyle group<\/a> for example, is now crying foul.<\/p>\n Overall, people welcome this law as a signal for modernization. China's latest major legislation is also paving ways for a society of lawyers and lobbyists. The era has arrived, the signs will become obvious soon.<\/p>\n","protected":false},"excerpt":{"rendered":" If mature societies legislate slower, China has certain reached adulthood. More than a decade of debate and many, many drafts later monopolies will become unlawful this year. Look closer. There are few concepts to send MN's (Multi-National Corporation) lawyers into … Continue reading