Enhancing the Antitrust Damages Action in China

Enhancing the Antitrust Damages Action in China
Title Enhancing the Antitrust Damages Action in China PDF eBook
Author Xue Gan
Publisher
Pages 0
Release 2018
Genre Antitrust law
ISBN

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Article 50 of the Anti-Monopoly Law of China (AML) 2007 and its complementing rules, the Judicial Interpretation 2012 of the Supreme People's Court (SPC), have provided a legal framework for the antitrust damages action in China. However, the general and ambiguous language of Article 50 and the Judicial Interpretation 2012 fails to provide clear guidance for the courts and parties to antitrust damages actions, in terms of key issues, such as quantification of antitrust damages and the availability of collective action. Moreover, the current framework provided by the AML 2007 has not touched on some controversial issues, such as whether damages litigation is possible against antitrust violations conducted by an administrative agency. These weakness and gaps have impeded the development of the antitrust damages mechanism in China.Meanwhile, the EU has adopted Directive 2014/104 to facilitate private enforcement of competition law in the Member States. Due to the similarity in the combined public/private enforcement model of competition law between the EU and China, the thesis adopts the private enforcement mechanism of EU competition law, as a comparative reference. In doing so, the thesis seeks to fill in some gaps in the existing antitrust damages mechanism provided by the AML 2007, by focusing not only on civil procedural issues in the antitrust damages action against private anticompetitive behaviour, but also examining the administrative litigation procedures and substantive issues involved in the antitrust damages action against administrative monopoly.Regarding the debate on compensation vs. deterrence as goals of antitrust damages actions in China, the thesis contributes to this debate, by submitting that full compensation should be the goal actively pursued by antitrust damages actions, while deterrence, as a side effect of antitrust damages actions, complements optimal deterrence pursued by public enforcement of the AML. Then the thesis examines the quantification of antitrust damages which is directly linked to the achievement of full compensation.The thesis also seeks to propose a workable collective action mechanism for antitrust damages actions in China, which is indispensable to achieving full compensation in an antitrust mass harm situation. By referring to the recent reform of collective actions adopted in the UK, where opt-out collective proceedings have been introduced into the antitrust collective action, the thesis finds that opt-out proceedings would be a good incentive to support the initiation of antitrust damages litigation in China, while proper limitations are needed to be imposed on its application in order to avoid US-style unmeritorious litigation.In addition to private anticompetitive behaviour, the thesis also explores the antitrust damages mechanism against public anticompetitive behaviour, from both substantive and procedural perspectives. It finds that a proportionality test would be an approach to consider when assessing whether an anticompetitive administrative measure is justified on the grounds of public interest, or alternatively whether such regulation or behaviour amounts to abusive and ultimately illegal conduct. In the procedural aspect, the thesis proposes a two-step procedure, including first, judicial review of the alleged measure, and second, the follow-on damages assessment; and the requirement for a compulsory linkage to be established between them.

Confucian Culture and Competition Law in East Asia

Confucian Culture and Competition Law in East Asia
Title Confucian Culture and Competition Law in East Asia PDF eBook
Author Jingyuan Ma
Publisher Cambridge University Press
Pages 431
Release 2022-09-08
Genre Business & Economics
ISBN 1108488234

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Shows how cultural factors have influenced the development of competition law in China, Japan and Korea.

Chinese Antitrust Exceptionalism

Chinese Antitrust Exceptionalism
Title Chinese Antitrust Exceptionalism PDF eBook
Author Angela Zhang
Publisher Oxford University Press
Pages 272
Release 2021-02-08
Genre Law
ISBN 0192561197

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China's rise as an economic superpower has caused growing anxieties in the West. Europe is now applying stricter scrutiny over takeovers by Chinese state-owned giants, while the United States is imposing aggressive sanctions on leading Chinese technology firms such as Huawei, TikTok, and WeChat. Given the escalating geopolitical tensions between China and the West, are there any hopeful prospects for economic globalization? In her compelling new book Chinese Antitrust Exceptionalism, Angela Zhang examines the most important and least understood tactic that China can deploy to counter western sanctions: antitrust law. Zhang reveals how China has transformed antitrust law into a powerful economic weapon, supplying theory and case studies to explain its strategic application over the course of the Sino-US tech war. Zhang also exposes the vast administrative discretion possessed by the Chinese government, showing how agencies can leverage the media to push forward aggressive enforcement. She further dives into the bureaucratic politics that spurred China's antitrust regulation, providing an incisive analysis of how divergent missions, cultures, and structures of agencies have shaped regulatory outcomes. More than a legal analysis, Zhang offers a political and economic study of our contemporary moment. She demonstrates that Chinese exceptionalism-as manifested in the way China regulates and is regulated, is reshaping global regulation and that future cooperation relies on the West comprehending Chinese idiosyncrasies and China achieving greater transparency through integration with its Western rivals.

The Antitrust Paradox

The Antitrust Paradox
Title The Antitrust Paradox PDF eBook
Author Robert Bork
Publisher
Pages 536
Release 2021-02-22
Genre
ISBN 9781736089712

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The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

China's Influence and American Interests

China's Influence and American Interests
Title China's Influence and American Interests PDF eBook
Author Larry Diamond
Publisher Hoover Press
Pages 223
Release 2019-08-01
Genre Political Science
ISBN 0817922865

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While Americans are generally aware of China's ambitions as a global economic and military superpower, few understand just how deeply and assertively that country has already sought to influence American society. As the authors of this volume write, it is time for a wake-up call. In documenting the extent of Beijing's expanding influence operations inside the United States, they aim to raise awareness of China's efforts to penetrate and sway a range of American institutions: state and local governments, academic institutions, think tanks, media, and businesses. And they highlight other aspects of the propagandistic “discourse war” waged by the Chinese government and Communist Party leaders that are less expected and more alarming, such as their view of Chinese Americans as members of a worldwide Chinese diaspora that owes undefined allegiance to the so-called Motherland.Featuring ideas and policy proposals from leading China specialists, China's Influence and American Interests argues that a successful future relationship requires a rebalancing toward greater transparency, reciprocity, and fairness. Throughout, the authors also strongly state the importance of avoiding casting aspersions on Chinese and on Chinese Americans, who constitute a vital portion of American society. But if the United States is to fare well in this increasingly adversarial relationship with China, Americans must have a far better sense of that country's ambitions and methods than they do now.

Patent Remedies and Complex Products

Patent Remedies and Complex Products
Title Patent Remedies and Complex Products PDF eBook
Author C. Bradford Biddle
Publisher Cambridge University Press
Pages 379
Release 2019-06-27
Genre Business & Economics
ISBN 1108426751

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Through a collaboration among twenty legal scholars from North America, Europe and Asia, this book presents an international consensus on the use of patent remedies for complex products such as smartphones, computer networks, and the Internet of Things. This title is also available as Open Access on Cambridge Core.

Economics and Regulation in China

Economics and Regulation in China
Title Economics and Regulation in China PDF eBook
Author Michael Faure
Publisher Routledge
Pages 366
Release 2013-10-15
Genre Business & Economics
ISBN 1134623003

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This book, from a top international group of scholars, explores the ways in which economic tools can be used to improve the quality of regulation in general and legislative tools in particular. As the role of law becomes increasingly important in China, the question arises of how effective regulatory and legislative tools can be developed to accompany the Chinese evolution towards a welfare state. China therefore provides a unique case study for scholars and policymakers interested in examining how regulation can play a role in promoting sustainable development. Economics and Regulation in China goes beyond traditional economic analysis of law by focusing specifically on the question of how economic tools can guide the quality of legislation. To this end, the book centres in on three areas: regulation as a tool of economic growth, competition policy and environmental policy. Not only are these three domains of great importance for China, but they are also relevant for a broad scholarship interested in the economic analysis of law. This volume contributes to discussions on how ex-ante evaluation of legislative proposals and ex-post analysis can increase the effectiveness and efficiency of regulation, using economic tools, offering insights that go beyond the particular case of China. The analysis offered by this book makes it an invaluable resource for academics and policymakers alike.