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CN Supreme Court Issues 25 Guidelines for Promoting Private Economy, Ramps Up Antitrust Judicial Efforts
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The Supreme People's Court of China has issued guidelines on implementing the Private Sector Promotion Law of the People's Republic of China, which further detail adjudication rules and work mechanism improvements, addressing practical issues to ensure correct and unified application of the law. The guidelines proposed 25 measures in five areas: overall requirements, equal legal treatment, guiding lawful and standardized business operations, strict and fair judiciary, and improving the fair judicial system, with an aim to provide stronger legal protection for the healthy development of the private economy. In addition, efforts will be made to regulate monopoly and unfair competition behaviors. Specifically, judicial efforts will be ramped up against monopoly and unfair competition, regulating actions that disrupt fair competition and market order. AAStocks Financial News |
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