Seminar: A look at the Anti-Monopoly Law
3rd October 2007
The new Anti-Monopoly Law explained…
Around 70 AmCham-China members gathered at Swissotel on September 21 for a breakfast seminar on the impact and implementation of the new Anti-Monopoly Law.
The Standing Committee of the National People’s Congress adopted the long-awaited Anti-Monopoly Law on August 30 after a 13-year process. The speakers discussed how the law will affect businesses when it comes into effect on August 1, 2008.
Yuan Jie, deputy director general of the NPC Legal Working Committee, Economic Law Department, started the seminar with an article-by-article interpretation of the law.
Then Sang Lin, director of the Anti-Monopoly Division of the Fair Trade Bureau under the State Administration for Industry and Commerce, commented on the pros and cons of the law. He said the law has adopted the essence of similar laws enacted in other countries, but valuable experience will be gained from the actual practice of the law in China.
Nathan G. Bush, AmCham-China Legal Committee co-chair and O’Melveny & Myers LLP counsel, moderated the event.