Healthy competition: China v/s India
Suzanne Rab, a partner at King & Spalding in London, has experience in proceedings before the UK’s competition and regulatory authorities, and the European Commission. Excerpts from China Business Law Journal April 30, 2012 Comparisons between the stellar growth and potential of two of the world’s biggest economies, China and India, become increasingly irresistible as both these Asian super-giants compete internationally and are prospects for foreign investment. Against this background, it’s timely to examine where the two countries stand on their recent adoption and enforcement of modernised competition laws. China introduced its Anti-Monopoly Law (AML) on 31 August 2007, with effect from 1 August 2008. India’s new competition law under the Competition Act 2002 (Indian Competition Act) has been implemented in two stages with powers to regulate agreements and commercial practices effective from 20 May 2009, while me...