International lawyers and advisers have switched their focus from US and European antitrust regulators to those within China as competition watchdogs maintain a firm obstacle to merger approval. According to one analyst, mergers are often delayed due to the nation’s anti-monopoly law, passed just five years ago. As companies look to expand in the globe’s second-largest economy, multi-billion dollar mergers are at stake as recently-implemented legislation reworks the system. Regulators in Beijing, for example, only recently approved of a $5.6 billion acquisition of US-based grain company Gavilon by Japan-based Marubeni Corp., which endured a year-long review. Additionally, Chinese regulators forced steep divestures upon Glencore in its $30 billion buyout of Xstrata after a 14-month battle. According to some analysts, the difficulty of Chinese antitrust regulators may stem from their tendency to focus on industrial policy protection, rather than consumer protection, when reviewing merger cases.
Full Content: Reuters
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