On January 4, 2013, China's National Development and Reform Commission (NDRC) announced its decision to impose a fine of RMB 353 million (around HKD 439 million) on six Korean and Taiwanese LCD panel makers for alleged cartel activities. On February 22, NDRC's local office in Sichuan slashed a fine of RMB 202 million (around HKD 251 million) on Wuliangye, a famous Chinese liquor maker, and a similar fine was reportedly imposed on Moutai, another liquor brand.
In the liquor investigation, NDRC found Wuliangye to have engaged in illegal 'resale price maintenance' (RPM). RPM means that a manufacturer or supplier sets the prices that its distributor can charge to the latter's customers downstream. Many distribution agreements in China have RPM clauses or similar arrangements, so this latest NDRC decision may have far-reaching compliance implications for companies doing business on the Mainland.
This lunch presentation will give HKCCA members an update on the latest antitrust developments in Mainland China, and will discuss ways to deal with the many challenges arising from the assertive antitrust enforcement actions by NDRC and other Chinese government bodies.
Please register your attendance online by going to www.hkcca.net no later than 5 April 2013. (Please note this event is exclusively for HKCCA members. If you are not an HKCCA member but you want to attend this presentation, you need successfully to apply for membership at www.hkcca.net and pay the membership fee before registering for the event.)