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MOFCOM publishes draft rules on investigation procedures re failure to notify on concentrations
By King and Wood on
Posted in compliance
By Susan Ning, Shan Lining and Angie Ng
Pursuant to the Anti-Monopoly Law, transactions which are construed as "concentrations" (i.e. mergers, acquisitions and joint ventures) and which meet with specified turnover thresholds 1; must be notified to, and cleared (from an antitrust law perspective) by MOFCOM, before business operators can go ahead with these transactions (notifiable concentrations). Continue Reading MOFCOM publishes draft rules on investigation procedures re failure to notify on concentrations
Price Hikes for Washing Powders, Soaps and Shampoos Expected in April
By King and Wood on
Posted in compliance
By Susan Ning, Yin Ranran, and Angie Ng
Recently, there has been a flurry of press reports on the proposed price increases by several major manufacturers of household and personal care products, including multinationals such as Procter & Gamble and Unilever, as well as domestic manufacturers such as "Liby" and "Nice". Pursuant to the press reports, all four manufacturers mentioned above have separately announced that the retail prices for their respective brands of washing agents (including washing powders, soaps and shampoos) will increase by as much as 10% commencing from early April 2011. Commentators have said that this is the largest price hike that they have seen in relation to the household and personal care products industry, in the past 3 years. Continue Reading Price Hikes for Washing Powders, Soaps and Shampoos Expected in April