Determining A Concentration Of Undertakings

M&A transactions involving a concentration of undertakings can be deemed as a monopoly. The Provision on the Review of Concentrations of Undertakings clarifies several definitions and sets a standarised legal basis.

Effective from 15 April 2023, the State Administration of Market Regulation issued four Provisions supplementing the Anti-Trust Law of the People's Republic of China ('Anti-Trust Law').

• Provisions on the Review of Concentrations of Undertakings;
• Provisions on the Prohibition of the Abuse of Administrative Power to Exclude or Restrict Competition;
• Provisions on the Prohibition of Monopoly Agreements; and
• Provisions on the Prohibition of the Abuse of a Dominant Market Position.