After remaining unchanged for more than two decades, the Anti-unfair Competition Law (AUCL) was no longer fit to effectively regulate unfair competition practices in China due to the rapid development of China’s economy and other changes to market conditions.
The European Chamber engaged relevant government agencies by holding meetings and submitting collated comments. These steps have resulted in more clarity on certain terms contained within the AUCL, particularly the definition of illegal undertakings of business operators in relation to commercial bribery, trade secret leaks and commercial mark infringement.
- Clear definition of illegal undertakings by business operators
- commercial bribery
- trade secret leak
- commercial mark infringement
- Improved fair business environment