Amendment of the Monopoly Regulation and Fair Trade Act of South Korea
By: Keum-Seok Oh and Seong-Un Yun
On 6 March 2009, the Monopoly Regulation and Fair Trade Act was amended to abolish the 30 day deadline to file the pre-closing report of business combinations.
Korea - Merger Control 2009 (Global Competition Review)
By: Seong Un Yun and Sang Hoon Shin
The following article summarises the merger control regime in Korea, pursuant to the Monopoly Regulation and Fair Trade Act.
By: Stephen C. Wu and Sophia M. Chih
(The article reflects only the authors' opinion and does not represent the opinion of Lee and Li.)
On 19 February 2009, the Taiwan Supreme Administrative Court ruled that Taiwan's two largest motor fuel suppliers, Chinese Petroleum Corporation and Formosa Petrochemical Corporation, had engaged in concerted actions against Article 14 of the Taiwan Fair Trade Act.
by Simon Snow, Luke Woodward, Jessica Orchard
The Trade Practices Amendment (Clarity in Pricing) Act 2008 (Amendment) was passed by the Senate on 11 November 2008 and received the royal assent on 25 November 2008. The Amendment will commence within 6 months of the royal assent, that is, on or before 25 May 2009.
By: Stephen C. Wu and Sophia M. Chih
(The article reflects only the authors' opinion and does not represent the opinion of Lee and Li.)
The Taiwan Fair Trade Commission (TFTC) decided on 11 February 2009 to fine Uni-President Enterprises Corp. (Uni-President) NT$500,000 for its failing to report the merger with Wei Lih Food Industrial Co., Ltd. (Wei Lih) to the TFTC. Both Uni-President and Wei Lih are well-known instant noodles manufacturers in Taiwan.