China Implements 30-Day Review for “Simple” M&A Transactions

China has introduced new M&A review procedures that will shorten approval times for most transactions to 30 days. The Ministry of Commerce estimates that up to 60% of all M&A events will qualify for this new fast-track decision. The major determinant for fast-track approval is market share: the proposed tie-up cannot creat a company with a commanding position in its market. If the resulting market share is large, MOFCOM will require as long as 180 days to render an opinion. More details....