First supplementing regulations promulgated post Anti-Monopoly Law

The State Council published the Regulations on Notification Thresholds for Concentrations of Undertakings on August 3.  The new thresholds supplement the merger control rules under the Anti-Monopoly Law (AML), which contains no specific notification thresholds. The new Regulations became effective upon promulgation on August 3.

The Regulations recites the forms of concentrations, namely: (1) mergers of multiple undertakings; (2) one undertaking gaining control over another by means of equity or asset purchase; and (3) one undertaking gaining controlling rights or decisive influence over another by means of contracts or other means.

Under the new Regulation implementing the AML, prior notification is required for concentrations meeting either of the following thresholds: the combined worldwide turnovers of all undertakings involved in the last fiscal year exceed 10 billion yuan, and the China-wide turnovers of at least two undertakings each exceeds 400 million yuan; or the combined China-wide turnovers of all undertakings involved in the last fiscal year exceed 2 billion yuan, and the China-wide turnovers of at least two undertakings each exceeds 400 million yuan.  (by Tian Ming)

中国反垄断法首项配套法规出台

本报讯  8月3日，国务院发布反垄断法的首个配套规定《国务院关于经营者集中申报标准的规定》，确立以经营者营业额为申报标准。《规定》于8月3日起施行。

根据《规定》，经营者集中是指下列情形：经营者合并；经营者通过取得股权或者资产的方式取得对其他经营者的控制权；经营者通过合同等方式取得对其他经营者的控制权或者能够对其他经营者施加决定性影响。

《规定》分两项规定了需要申报的经营者集中的标准：参与集中的所有经营者上一会计年度在全球范围内的营业额合计超过100亿元人民币，并且其中至少两个经营者上一会计年度在中国境内的营业额均超过4亿元人民币。参与集中的所有经营者上一会计年度在中国境内的营业额合计超过20亿元人民币，并且其中至少两个经营者上一会计年度在中国境内的营业额均超过4亿元。（田 鸣）