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Cartel Enforcement Comes of Age in China The National Development and Reform Commission’s LCD Panels Decision

BY | February 26, 2013

Feb 26, 2013 On January 4, 2013, China’s National Development and Reform Commission (“NDRC”) published a decision under the Price Law imposing financial penalties of RMB 353 million (approximately U.S.$57…

Feb 26, 2013

On January 4, 2013, China’s National Development and Reform Commission (“NDRC”) published a decision under the Price Law imposing financial penalties of RMB 353 million (approximately U.S.$57 million) on six Korean and Taiwanese manufacturers of LCD panels-Samsung Electronics, LG Display, Chimei, AU Optronics, Chunghwa Picture Tubes, and HannStar Display. The watershed ruling-the first extraterritorial application of Chinese cartel law with financial penalties alm

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