The competition review of the proposed joint venture (JV)
between BHP Billiton and Rio Tinto could spark an internal tussle
between Chinese regulators keen to assert their jurisdiction
over the Anti-Monopoly Law (AML).
As reported yesterday, a senior Chinese
official called the tie-up monopolistic and many
expect the government to employ the countrys
Anti-Monopoly Law to thwart the deal.
|Both the NDRC
and the SAIC are clamouring to get into the
But due to the complex nature of the law, and the
competition between Chinese regulators in implementing it, some
believe that the tie-up could create a struggle between the
authorities, further complicating the deal.
Both the National Development and Reform Commission
(NDRC) and State Administration of Industry and Commerce (SAIC)
will want to be seen to have had...