By Peter Waters, Luke Woodward, Ronald Arculli, Susan Ning and Angie Ng
Hong Kong's Competition Bill was gazetted on 2 July 2010. The Bil will be tabled in Hong Kong's Legislative Council (LegCo) on 14 July 2010. When the Bill becomes law, it will be known as the Competition Ordinance. This article summarises the main provisions in the Bill.
Korea - Merger Control 2010 (Global Competition Review)
By: Keum Seok Oh and Seong Un Yun
Bae, Kim & Lee LLC
The following article summarises the merger control regime in Korea, pursuant to the Monopoly Regulation and Fair Trade Act.
by Stephen C. Wu / Yvonne Y. Hsieh
(The article reflects only the authors' opinion and does not represent the opinion of Lee and Li.)
In a decision dated 7 July 2009, the Fair Trade Commission determined that Dafeng TV Ltd. and DigiTai TV Ltd., two cable television companies operating in Banciao, Taipei County, had violated the Fair Trade Act due to failure to make a pre-combination notification to the FTC for their regular joint operations through a joint venture company. Consequently, the FTC ordered the two companies to take proper corrective actions within three months, and imposed a fine of NT$2 million on each company.
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By: Ryunosuke Ushijima
On 3 June 2009 the Japanese Diet passed amendments to the Antimonopoly Act. This article provides a summary of these amendments which relate to merger review, an expansion of the leniency program and penalties for cartel conduct.
By: Stephen C. Wu and Yvonne Y. Hsieh
(The article reflects only the authors' opinion and does not represent the opinion of Lee and Li.)
In a decision dated 6 May 2009, the Fair Trade Commission determined that the adverse consequences of restraining competition arising from the proposed acquisition of more than 34% of the issued shares of Tang-Eng Iron Works Co., Ltd. by Yieh United Steel Corporation would outweigh the overall economic benefit from the transaction, and hence the FTC prohibited the proposed merger.