Zhan Hao, Song Ying, Stephanie Wu, Lv Hongjie
China’s competition watchdog SAMR made a penalty decision, adopted by its Shanghai branch Shanghai Market Regulation Bureau (“SMRB”), publicized on its official website on April 29, 2019, right before the International Labor Day holiday. This decision is addressed to Eastman (China) Investment Management Co., Ltd. (“Eastman China”), a Chinese subsidiary of the US Chemical firm Eastman Chemical Company, for restricting transactions by abusing its dominant market position. The fine amount is equal to 5% of Eastman China’s 2016 sales revenue, roughly USD 3.6 million.
Authored by Zhan Hao <email@example.com> , Song Ying <firstname.lastname@example.org>, Wu Yuanyuan <email@example.com> , Lv Hongjie <firstname.lastname@example.org>at AnJie Law Firm