China's revamped anti-monopoly regime has quickly become among the most muscular in the world and companies engaged in global deals ignore it at their peril, competition lawyers have warned.
The country's ministry of commerce (Mofcom) has made three landmark decisions involving foreign companies since new laws were introduced last August, two of which related to global deals with limited connection to China.
The latest ruling, issued last week, approved the $1.6bn acquisition by Japan's Mitsubishi Rayon of Lucite International of the UK but with several stringent terms.
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