2008 is proving a landmark year for competition legislation.
India, China and others are introducing new regulatory constraints on local and international M&A deals
When Coca-Cola announced in early September its intention to buy Chinese juice-maker Huiyuan, the global business community immediately wondered whether China would allow the deal to go ahead.
The announcement briefly stole investor attention from the US market meltdown, partly because it came just five weeks after China’s new anti-monopoly law had taken effect.
The US$2.4 billion deal that would allow the world’s largest beverage company even greater penetration into the Chinese market looked like it would be the first guinea pig for the country’s new and untested competition regime.
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