By Susan Ning and Kate Peng On Jan 4th, the National Development and Reform Commission (“NDRC“) published that they had imposed fines in a total amount of RMB 353 million (approximately USD 56 million) on 6 LCD panel manufacturers, including Samsung and LG of Korea and ChiMei, AU Optronics, Chunghwa Picture Tubes and HannStar… Continue Reading
Tag Archives: price fixing
Price Bureau Uncovered and Punished a Price-Fixing Cartel under the Leniency Program
Posted in Antitrust & CompetitionBy Susan Ning, Kate Peng and Yunlong Zhang The Price Bureau of Guangdong Province (“GDPB“) recently published an article about an investigation in a price-fixing cartel among sea sand dredging companies on its official website 1. According to the article, the price of sea sand in Guangdong province rose from around RMB20 per cubic meter… Continue Reading
香港的新竞争法:反托拉斯革命的大幕即将拉开
Posted in Competition Law, Corporate作者:贺墨亭 黄紫玲 金杜律师事务所公司组 上海办公室 2012年6月22日，香港首部跨部门的实体竞争法在香港特别行政区政府宪报中公布，随之设立了新的监管机构，该机构的设立将会推动亚洲商业经营行为的变革，而该机构本身也拥有广泛的强制执行权力，其中包括有权在相关修订生效后开展黎明突袭，并对违反竞争行为处以严重处罚。 《竞争条例》将禁止卡特尔行为、滥用市场权势和其他形式的违反竞争行为，但一些豁免情况除外（包括考虑经济效率所规定的豁除、集体豁免和最低营业额）。合并审查将继续限制适用于电信部门。 香港竞争事务委员会（竞委会）将享有一系列的调查和强制执行权力，包括有权发出违章通知书、接受承诺、对举报人给予豁免、及启动诉讼处罚程序、和发出禁止担任高管职务的命令。 在本篇法律快讯中，我们将介绍《竞争条例》主要条款的潜在影响，提示企业应在该新法律规制下采取哪些准备措施，并简要列举新成立的竞委会将拥有哪些调查和强制执行权力。
Hong Kong’s new competition law: get ready for the antitrust revolution
Posted in CorporateBy Martyn Huckerby Jill Wong King & Wood Mallesons’ Foreign Direct Investment Group, Shanghai Office On June 22, 2012, Hong Kong’s first cross-sector substantive competition law regime was published in the official gazette, bringing with it a new regulator ready to change business practices in the Asian region, and armed with extensive enforcement powers, including… Continue Reading
Joint purchasing under the AML-SOHU, QQ and Baidu launched Video Content Cooperation Alliance
Posted in Antitrust & CompetitionBy Susan Ning, Liu Jia and Huang Jing On April 24, 2012, TV.SOHU.COM, v.QQ.COM,and iQIYI.COM (the specialized video website of Baidu)jointly announced the establishment of an alliance called "Video Content Cooperation" (VCC) for vedio copyright joint purchasing. The VCC is viewed as another "faction" after the recent combination of Youku and Tudou. It is reported… Continue Reading
Does SARFT Have the Authority to Regulate Movie Ticket Price?
Posted in Antitrust & CompetitionBy Susan Ning and Liu Jia Most recently,a piece of news related to the Anti-Monopoly Law ("AML")indicates that, the National Development and Reform Commission("NDRC")who is in charge of the implementation of the Price Law and price-related antitrust violation, communicated with the State Administration of Radio, Film, and Television("SARFT")1, for SARFT’s proposed draft of Guidance on… Continue Reading
Price signaling and price hikes – a breach of the Price Law or Anti-Monopoly Law?
Posted in Antitrust & CompetitionBy: Susan Ning, Angie Ng and Shan Lining Last week (between 26 to 27 May 2011), it was reported in the press that Unilever has raised the prices of specific products (including Lux and Hazeline branded shampoos and shower gels) by 10% in some cities including Beijing, Shanghai and Guangzhou (Unilever’s price increases). This was… Continue Reading
If You Fix Prices, Beware of the Price Law and the Anti Monopoly Law
Posted in Antitrust & CompetitionBy: Susan Ning, Shan Lining, Liu Jia and Angie Ng On 10 December 2010, the State Council published and enacted a set of revised penalty regulations[1] (vis-à-vis the Price Law 1997). Broadly, the penalties set out in these revised penalty regulations are more severe than the previous version. Of note is the fact that there… Continue Reading