Along with its growing economic power, China has become a major jurisdiction where multinational companies conduct their businesses. The Chinese legal and regulatory requirements play a significant role in global transactions.
Consistent with this importance, the Chinese laws and regulations are evolving rapidly and are living up to international standards. Specifically, this is the case for the merger control regime under the Anti-Monopoly Law of the People's Republic of China ("AML"), which only came into effect in August 2008.
Multinational companies that are active in the Chinese market are paying full respect to the legal and regulatory regime. As regards merger control, applicants are very much interested in seeing that case handling is focused, expeditious, and time predictable.