Thursday, January 3, 2013

State-owned enterprise (SOE)

state-owned entity is a legal entity created by a government to undertake activities on behalf of an owner government.
Their legal status varies from being a part of government to stock companies with a state as a regular stockholder.

Wednesday, January 2, 2013

AML Enforcement Agencies - China

There are three AML enforcement agencies.

The Anti- Monopoly Bureau of the Ministry of Commerce (MOF- COM)
The Anti- Monopoly and Anti-Unfair Competition Department of the State Administration for Industry and Commerce (SAIC)
The Price Supervision and Anti-Monop oly Bureau of the National Development and Reform Com mis sion (NDRC)

Tuesday, January 1, 2013

People's Republic of China competition law

China's Anti-Monopoly Law (AML) has been in effect since August 1, 2008.

AML is more detailed than the Sherman Act in the United States.

The language of the AML is neutral subjecting both domestic and foreign entities to equal scrutiny; however, there are concerns among foreign entities with respect to their implementation and enforcement.