Authored by Michael Gu (michaelgu@anjielaw.com) at AnJie Law Firm
Within six years of implementation of China’s Anti-Monopoly Law, the China’s law enforcement agency responsible for supervising price monopoly, the National Development and Reform Commission ("NDRC"), continues to strengthen its law enforcement efforts with rounds of “antitrust storm” that swept across a number of industries and companies along with record fines. This is especially true since 2013, the NDRC has probed into number of high-profile penalty cases, including the LCD Panel case [1], Moutai and Wuliangye case [2], Baby Formula case [3], Shanghai Gold Jewelers case [4] and Spectacle Lenses case [5]. Meanwhile, the NDRC has also launched investigation into the US high-tech giants, InterDigital and Qualcomm. For InterDigital case, the investigation has been suspended [6]. As for Qualcomm case [7], Qualcomm has manifested their willingness to cooperate with the NDRC in its investigation and has submitted relevant commitment.Continue Reading Note of Caution: Record Fines on 12 Japnese Auto Parts and Bearing Manufactures – Analysis of the NDRC’s Penalty Decision and Countermeasures of Companies