Companies with operations in China should prepare for dawn
raids, as the State Administration for Industry and Commerce
(SAIC) publishes its first procedural rules on the
investigation of suspected cartels and abuses of dominance.
On Friday, the regulator issued Procedural regulations on the investigation of
monopolistic agreement and abuse of dominant market
position and Procedural regulations on the prevention of
abuse of administrative power and competition
While the latter lacks teeth, the former (effective from
July 1) indicates that SAIC will soon begin to aggressively
"Prepare for dawn raids by the regulator and be aware that
potential fines will take a...