ByMalcolm Brennan and Alison Black  King & Wood Mallesons’Canberra Office

Tbrennan_mhe Treasurer, through the Foreign Investment Review Board (FIRB), has been given additional power to scrutinise the sale of critical infrastructure assets to private foreign investors, with a clear focus on national security.

The changes to the Foreign Acquisition and Takeovers Regulation 2015

By Liu Cheng, Simon Holmes and Michael Reiss King & Wood Mallesons

001Chholmes_sinese State-owned enterprises (SOEs) acquiring businesses or entering into joint ventures with other parties may unexpectedly trigger an EU merger filing. This was clarified by the European Commission’s decision clearing the UK joint venture between China General Nuclear Power Corporation (CGN)

By Susan Ning, Cheng LiuHazel Yin, Ruohan Zhang King & Wood Mallesons’ Commercial & Regulatory Group

untitledOnuntitled Muntitledarch 23rd, 2016, after several rounds of internal inquiries, Antitrust Guidelines for Automotive Industry (Draft for Comments) (hereinafter the “Consultation Draft”), drafted by the National Development and Reform Commission (“NDRC”) together with relevant authorities under the authorization by the State Council Anti-Monopoly Commission, was open for public comments. As the first comprehensive industrial antitrust guideline in China, the publication of the Consultation Draft stands as a milestone.
Continue Reading Highlights on Antitrust Guidelines for Automotive Industry — Overview and Frequently Asked Questions

by Susan Ning, Cheng Liu, Hazel Yin, Yun Bi King & Wood Mallesons’ Commercial & Regulatory Group

untitledInuntitled runtitledecent years, Chinese authorities have dealt with many antitrust cases for resale price maintenance (“RPM”), and such investigations have spread into various industries, e.g. milk powder, eye glasses, alcohol, automotive industry, etc. Especially in the automotive industry, since 2014, some well-known branded auto suppliers have been fined for restricting their distributors’ resale price. On March 23, 2016, the National Development and Reform Commission (“NDRC”) published the consultation draft of the Antitrust Guidelines for Automotive Industry (“Consultation Draft”) to invite public comments. The Consultation Draft particularly provides detailed explanations on RPM and provides practical guidance for both companies and the Anti-Monopoly Enforcement Agencies (“AMEAs”).
Continue Reading Highlights on Antitrust Guidelines for Automotive Industry– Clarifying the Enforcement on RPM

By Susan Ning, Cheng Liu, Hazel Yin, Yumeng Li King & Wood Mallesons’ Commercial & Regulatory Group

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Auto suppliers often impose non-price restrictions, such as territorial restrictions and customer restrictions, on their distributors. In previous penalty decisions of Anti-Monopoly Enforcement Authorities (“AMEAs”), non-price restrictions in association with resale price maintenance may be found violating Article 14(1) or (2) of the Anti-Monopoly Law (“AML”). However, AMEAs have yet punished any standalone non-price restriction under Article 14(3) of the AML.
Continue Reading Highlights on Antitrust Guidelines for Automotive Industry– Vertical Non-price Restrictions Face Potential Challenges

By Susan Ning, Cheng Liu, Hazel Yin, Lingbo Wei, Shenglan Liu King & Wood Mallesons Commercial & Regulatory Group

Ountitledn Muntitledarch 23, 2016, China’s National Development and Reform Commission (“NDRC”) published the draft of the State Council Anti-Monopoly Commission’s Antitrust Guidelines for Automotive Industry (the “Consultation Draft”) and invited comments from the public.

There have been quite a few antitrust investigations in China’s automotive industry in recent years. For the automotive aftermarket, auto suppliers in China have long been criticized for imposing restrictions on spare parts suppliers, distributors and repairers, which leads to the exclusive supply of original spare parts in the aftermarket as well as the foreclosure of repair technical information. Customers have been worried about the high parts-to-whole ratio and the unavailability to after-sale services.
Continue Reading Highlights on Antitrust Guidelines for Automotive Industry — Antitrust Issues in Automotive Aftermarket