McDermott Will & Emery

International Top 30 position: 26
Asia-Pacific International 50 rank: 47

China’s antitrust authority imposes fines on foreign corporations for the first time

Recently China’s National Development and Reform Commission imposed an RMB353 million (USD 56.7 million) penalty against an international price-fixing cartel of LCD manufacturers, the largest the NDRC has ever imposed for antitrust infringement. The penalty is China’s first enforcement action against an international cartel and sends a strong signal to multinational corporations operating in China that enforcement actions against cartels will not be limited to Chinese entities.

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Briefings from McDermott Will & Emery

  • European Commission to settle half its cartel investigations in 2013

    In a speech delivered at the College of Europe in Bruges on 14 January 2013, Joaquín Almunia, Vice-President of the European Commission, and Commissioner responsible for Competition, stated that the Commission hopes to settle around half of its outstanding cartel investigations in 2013, using the settlement procedure instituted in July 2008.

  • New EU counterfeit goods regulation

    On 24 January 2013, the Internal Market and Consumer Protection committee of the European Parliament endorsed a new Regulation setting out customs procedures for goods suspected of infringing intellectual property rights.

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Overview

7 Bishopsgate
London
EC2N 3AR
UK

Firmwide revenue 2012 ($m): 851
Global lawyers 2011: 984
No. of lawyers (Asia Pacific): 31
Offices (Asia Pacific): 1
Headquarters (Asia Pacific): US