China Amends Anti-Monopoly Law: What You Need to Know

Jones Day
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In late June 2022, the 13th National People’s Congress Standing Committee adopted the First Amendments to China’s Anti-Monopoly Law (“AML”). The amendments will take effect on August 1, 2022. Although the First Amendments to the AML (the “Amendments”) are far from a complete overhaul of China’s antitrust laws, they introduce new approaches for resale price maintenance and hub-and-spoke agreements, a market share-based safe harbor for vertical agreements, strengthened enforcement against internet platforms, a “stop-the-clock” mechanism in merger review, a new criminal violation, and increased fines and broadened liability for violations, among others.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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