A PYMNTS Company

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

...
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 18.97.14.80

Please verify email or join us to access premium content!