NDRC investigation in automotive supply industry
On 19 February 2014, Mr Xu, the director of the Antitrust Bureau of the Chinese National Development and Reform Commission (NDRC), the antitrust enforcement authority in China in charge of price-related anti-competitive behaviour, indicated at a press conference that NDRC is currently collecting relevant information in the automotive parts industry and will likely launch antitrust investigations in this sector on suspicion of price-fixing cartels.
Automotive parts companies and OEMs (as long as their products are sold in China) might be involved in the potential NDRC investigations in two ways: being the investigation targets; and being the relevant parties and therefore being required to co-operate in the investigation process by providing information and answering questions to NDRC…
Click on the link below to read the rest of the Taylor Wessing briefing.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world