In a statement to the China Daily, the Chinese Ministry of Commerce reported that they have concluded 156 antitrust cases during the first half of this year. The statement indicated that 43% of these cases were about oversees M&As (67 cases) with 18% increase from last year. M&A cases between Chinese companies and overseas firms totaled accounted for 29% of the total (45 cases), up 15 % from last year. They also reported that the MOC has been actively cooperating with interna

"The way to smooth merger reviews is paved with transparency and accountability. We must adhere to the law to avoid hefty fines and geared towards a culture of compliance,” the PCC Chairman Arsenio Balisacan was reported in the Manila Times giving this statement at the 16th Session of the Intergovernmental Group of Experts (IGE) on Competition Law and Policy, a gathering of all competition authorities from around the world with the United Nations Conference on Trade and Devel

It has been reported by the Competition and Antitrust team at the law firm of Denton in China that the Ministry of Commerce of the People's Republic of China (MOFCOM) is contemplating a change to the merger rules. The firm which has been provided with a "near-final draft of the new law" reported some changes which are expected to be enacted late this year or early next year. They report the following changes: - Providing a more comprehensive "Measures for Review of Concentra

“Sun Pharmaceutical Industries Ltd, and one of its wholly-owned subsidiaries have entered into settlements with certain plaintiffs in re Modafinil Antitrust Litigation matter currently pending in the United states District Court for the Eastern District of Pennsylvania” as reported by the Economic Times. #India #SunPharma #Pharmaceutical #Settelment #Asia

The Supreme Court has upheld an order by the Competition Appellate Tribunal (Compat) that penalties imposed by the Competition Commission of India (CCI) on companies should be only on the turnover relevant to a case in dispute, not their overall turnover. The apex court's decision came on Monday on an appeal by CCI against Compat reducing the penalty it had imposed on Excel Crop, United Phosphorus and Sandhya Organic Chemicals, for an anti-competitive agreement between them t