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Laura Liu

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Laura Liu is a partner at the Baker McKenzie FenXun Joint Operation Office in Beijing. She advises clients across a range of transactional, advisory and contentious competition matters, with a focus on China antitrust legal issues. Laura has experience in multi-jurisdictional competition law issues as well, having worked in Baker McKenzie's Brussels office, where she assisted clients with multijurisdictional merger filings and antitrust compliance. Laura has also assisted clients with handling multijurisdictional foreign investment filings as well as the new EU Foreign Government Subsidies Regulation for cross-border transaction and also has assisted several clients in passing the China National Security Review (NSR) in China Laura has advised numerous clients on complex competition compliance and advisory matters, including setting up competition compliance programs and conducting internal compliance audits etc.. In addition, she has considerable experience in handling dawn raids and antitrust investigations facing the China competition authority. With a global perspective and deep understanding of Chinese companies' demands, Laura has assisted a significant number of China-based multinational companies in navigating layers of regulatory control, such as global multijurisdictional merger control, foreign investment review as well as the EU foreign government subsidy assessments in their cross-border M&A deals, as well as managing the global coordination of regulatory filing strategies for major deals with Baker McKenzie offices and local firms to obtain necessary clearances in overseas jurisdictions. Before joining the joint operation, Laura worked as a full-time antitrust lawyer at two leading domestic PRC law firms for six years. She now plays a key role in building up and strengthening the China practice. Clients have commented that "she is very diligent, responsive and definitely knows her stuff" and that "her advice is right to the point and commercially practical."

The wide-ranging proposed amendments to China’s Antimonopoly Law (AML) (“Proposed Amendments”) were published for public comments immediately after being presented to China’s top legislature for the first reading. It is clear from the Proposed Amendments that China intends to continue to strengthen antitrust enforcement.

On 10 November 2020, China’s State Administration for Market Regulation (SAMR) published draft Anti-Monopoly Compliance Guidelines for the Platform Economy (“Draft Guidelines”) for public consultation.1

The Draft Guidelines clearly signal that stronger antitrust enforcement in China’s tech sector is likely. This appears to be driven by a desire on the part of the Chinese government to rein in the growing strength of internet platforms, and to encourage a more diverse market structure.  

The Draft Guidelines are expected to be finalized by the end of this year or early next year.

On 18 September 2020, China’s State Administration for Market Regulation (SAMR) published the final version of the Anti-Monopoly Compliance Guidelines for Business Operators (Antitrust Compliance Guidelines)[1]. The guidelines provide a framework for how business operators should establish an antitrust compliance system and manage antitrust compliance risks in China. The Antitrust Guidelines are not mandatory but are indicative of the key aspects SAMR would expect to see in a good compliance programme.Â