By: Yvonne Hsieh
(The article reflects only the authors' opinion and does not represent the opinion of Lee and Li.)
In a decision dated 10 September 2008, the Taiwan Fair Trade Commission (TFTC) ruled on a proposal by a leading instant noodle vendor to indirectly acquire, through a subsidiary, more than one third of the shares in another leading instant noodle vendor. Finding that the proposed takeover was likely to significantly restrict competition, and considering the insignificance of the overall economic benefit of the proposed takeover, the TFTC held that the overall economic benefit of the business combination would not outweigh the disbenefit of restraint of competition, and barred the takeover.
By Kenneth Choy & Nick Taylor
The introduction of competition law is a significant step for an economy to take. Not all competition laws are the same and the most important thing is that the law is designed well to suit the Hong Kong economy. This article first discusses what the particular features of the Hong Kong model are and then explains by reference to the particular issues likely to affect Hong Kong businesses, what are some key points of comparison with competition laws in other jurisdictions such as the Mainland, the US and Europe.
By: Stephen C. Wu and Jill Y.T. Chen
(The article reflects only the authors' opinion and does not represent the opinion of Lee and Li.)
On 10 September 2008, the Taiwan Fair Trade Commission (TFTC) decided to block the proposed acquisition of more than one-third of the shares in Wei Lih Food Industrial Co., Ltd. by Cayman President Holdings Limited, a wholly-owned subsidiary of Uni-President Enterprises Corp.
By: Yvonne Hsieh
(The article reflects only the authors' opinion and does not represent the opinion of Lee and Li.)
The Standing Committee of the PRC National People's Congress enacted the Antimonopoly Law (AML) on 30 August 2007, and the Law took effect on 1 August 2008. The article discusses some of the noteworthy features of the new law.
By Angie Ng, Ding Liang and Peter Waters
The interaction of intellectual property rights (IPR) with competition law is a complex and contentious issue. This article compares the approaches in the US, Australia, Singapore, the EU and Canada with China's new Anti-Monopoly Law (AML).