How to Do Anti-Monopoly Compliance in the Coming Year? The Shanghai Anti-Monopoly Compliance Guide for Undertakings May Come in Handy
Corporate compliance is not a new topic. Throughout the law enforcement practices in various jurisdictions, it is evident that a comprehensive setup of corporate compliance system not only helps undertakings respond correctly and proactively when being investigated, but also functions as a basis for self-certification and reduction of high penalties.China’s Anti-Monopoly Law (“AML”) has been implemented for more than ten years. In view of the particularity and complexity of anti-monopoly compliance, enterprises still have many confusions about how to prevent and control anti-monopoly risks. On December 26, 2019, the Shanghai Administration for Market Regulation (“Shanghai AMR”) released the “Shanghai Anti-monopoly Compliance Guide for Undertakings” (“Compliance Guide”) and thus introduced us another guiding reference for corporate anti-monopoly compliance. The Compliance Guide for the first time uses real cases with charts and images to illustrate anti-monopoly risks, enabling undertakings to easily comprehend conducts regulated by the AML. In addition, it provides clues for enterprises to discover anti-monopoly risks and proposed corresponding compliance recommendations.