The State Council on 25 February released for public consultation draft amendments to the Anti-Unfair Competition Law (AUCL), the first time it has done so in more than 20 years since the law’s enactment. Notably, the draft amendments introduce new definitions, enhanced enforcement measures and tougher sanctions to regulate commercial bribery, which echoes the ongoing corruption sweep in China. The draft amendments signal the central government’s intention to further tighten its stance on tackling commercial bribery.
Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker & McKenzie by e-mailing Danian Zhang (Shanghai) at: [email protected]