After developing a reputation for taking longer than other regulators to review mergers, reports say China’s Ministry of Commerce has halved the time it takes to investigate such deals.
That increase in speed can be partially attributed to a new procedure enacted in April, reports say, that fast-tracks merger reviews of “simple cases.” Experts say the new procedure was part of MOFCOM’s efforts to increase efficiency.
Further, reports say, MOFCOM recently published is most comprehensive data set that tracks merger approval filing and approval dates. Experts say it is a major milestone for the regulator, which has come under fire for its lack in transparency.
Under the new merger review procedure, MOFCOM takes an average of 26 calendar days to approve deals, according to reports.
Full content: Euro News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI