China Insight - Competition
New Regulations of MOFCOM on Conditional Clearance
On 4 December 2014, the PRC Ministry of Commerce (“MOFCOM”) issued the Provisions on Imposing Restrictive Conditions on Concentration of Undertakings (Trial Version) (the “Trial Provisions”). They have come into effect on 5 January 2015 and replaced the Interim Provisions on Implementing Divestiture of Assets or Business in Concentration of Undertakings. The Trial Provisions provide more detailed rules on restrictive conditions for merger control clearance, in particular on divestiture.
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