By Susan Ning Kate Peng Xin Wang King & Wood Mallesons’ Commercila & Regulatory Group
In
recent years, against the backdrop that China’s antitrust enforcement authorities paid more attentions to regulate horizontal monopoly agreements, there has been an increase in corporate applications for leniency on their own initiative. To encourage and provide undertakings with more guidance, as well as to improve the efficiency of discovering and investigating a monopoly agreement by the enforcement agencies, the Antimonopoly Commission of the State Council delegated the Price Supervision and Antimonopoly Bureau of the National Development and Reform Commission (“NDRC”) drafts theguidelines for leniency applications in 2015. On February 2nd, 2016, NDRC published the Guidelines for leniency applications for horizontal monopolistic agreements (consultation draft) (“Consultation Draft”) on its official website and solicited public opinions.
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