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Business Articles Awards > Asian Antitrust

The cost of non-compliance

Adrian Emch, Eurobiz May/June 2017

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Compliance with Chinese law is important. Compliance with Chinese competition law is particularly important. Just look at the consequences in the case of a compliance failure: in 2014, US chipmaker Qualcomm was fined over EUR 810 million by the National Development and Reform Commission (NDRC) and, in 2016, the State Administration for Industry and Commerce (SAIC) imposed a fine of close to EUR 90 million on European multinational Tetra Pak – in both cases, for alleged infringements of the Anti-Monopoly Law (AML), China’s main competition law.

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