Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.
posted 4 years ago
On June 24, 2022, the Standing Committee of the National People’s Congress (NPCSC), China’s legislature, released the final version of the revised Anti-Monopoly Law (AML). The updated law, which comes into effect on August 1, 2022, makes several major changes and additions, including prohibiting the use of certain technology to engage in anti-competitive behavior, raising the maximum fines for violations, and curbing abuse by administrative organs and organizations.
Shortly after the publication of the revised AML, the State Administration of Market Regulation (SAMR) released six sets of draft provisions that have been updated to align with the changes in the AML. The six provisions are:
These provisions will assist in the implementation of the AML after they have passed and come into effect.
The new changes to the AML give more legal teeth to the law underpinning China’s anti-monopoly legislative framework, and will significantly impact large companies and in particular – but not exclusively – large technology and platform companies.
Stay informed with the latest legal developments at Global Law Experts
Find the right Legal Expert for your business
Global Law Experts is dedicated to providing exceptional legal services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
Global Law Experts is dedicated to providing exceptional legal services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
Send welcome message
