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Hong Kong Court Calls for Proactive Measures Against Shadow Companies



by Gabriela Kennedy
Mayer Brown JSM - Hong Kong Office

Eugene I. Low
Mayer Brown JSM - Hong Kong Office

April 30, 2014

Previously published on April 29, 2014

On 18 April, China’s Ministry of Commerce (MOFCOM) introduced a trial framework for the notification of simple concentrations or mergers. The Guidelines on the Notification of Simple Cases of Concentrations of Undertakings (Simplified Notification Guidelines) establish a procedural structure for the notification and assessment of transactions falling within MOFCOM’s Interim Provisions on the Standards that Apply to Simple Cases of Concentrations of Undertakings (Simple Cases Classification Provisions). While the Simplified Notification Guidelines are silent on the precise timing for a simplified review, they represent nonetheless an important milestone on the path toward a more fully fledged simplified procedure.


 

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