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Law & Regulation

European Chamber criticizes antitrust practices in China

The European Chamber of Commerce said in a statement on Wednesday that there have been allegations of Chinese antitrust authorities using intimidation tactics to convince European companies to submit to penalties without a hearing and warning companies not to challenge investigations or to involve lawyers, governments or chambers of commerce, Bloomberg reported. Names of companies being probed have also been reported in the media during investigations, which is “highly unlike rule-of-law behavior,” said chamber vice president Stefan Sack. The comments come as authorities pressured seven carmakers in the past month to cut prices and raided the offices of software maker Microsoft (MSFT.NASDAQ).

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