• “Firewall” to Ensure Independence of Acquiree - MOFCOM’s Conditional Approval of Seagate’s Acquisition of Samsung’s HDD Business
  • July 9, 2012 | Authors: Michael (Zhengping) Gu; Yi Xue
  • Law Firm: Zhong Lun Law Firm - Beijing Office
  • The Ministry of Commerce of the People’s Republic of China (“MOFCOM”) issued the Announcement of the Anti-monopoly Examination Decision on the Conditional Approval for the Acquisition of the Hard Disk Drive Business of Samsung Electronics Co., Ltd. by Seagate Technology PLC (the “Announcement”) on 12 December 2011, its tenth conditional clearance decision since the introduction of the Anti-monopoly Law of the People’s Republic of China (the “AML”).