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ARTICLE · 16 OCTOBER 2009

Conditions Imposed on Pfizer & GM Deals as Chinese Merger Control Ramps Up

Mayer Brown
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China's Ministry of Commerce (MOFCOM) has announced two new conditional clearance decisions under the country's Anti-Monopoly Law (AML) merger control system, meaning five deals have now been subject to conditional approval or outright prohibition since the law commenced.

ChinaAntitrust/Competition Law
John Hickin
John Hickin
Hannah Ha
Hannah Ha
Gerry O'Brien
Gerry O'Brien
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Originally published 6 October 2009

Keywords: Pfizer, GM Deals, Chinese merger control, MOFCOM, AML, merger control system, Wyeth, Intervet, Akzo Nobel

China's Ministry of Commerce (MOFCOM) has announced two new conditional clearance decisions under the country's Anti-Monopoly Law (AML) merger control system, meaning five deals have now been subject to conditional approval or outright prohibition since the law commenced.

On the basis of statistics published by MOFCOM in July this year, it is now estimated that approximately 8% of all reviewed deals have failed to obtain unconditional clearance1. This is higher than the prevailing pattern of review outcomes in more mature antitrust jurisdictions such as Europe and the U.S.A.

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