Big Tech hit by China’s multipronged antitrust enforcement; Petroecuador’s fight for restitution
30 April 2021 00:00
Duration: 18:03
China has demonstrated to some of the country’s largest technology players that antitrust oversight isn’t limited to the State Administration for Market Regulation — the top competition enforcer. Recent events in the country show that, when needed, all regulatory agencies are prepared to pitch in. Also on today’s podcast: the Petroecuador bribery saga. The company wanted to recover money from a bribe payer; but a US judge baulked at granting the troubled Latin American oil company its restitution claim.
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China has proved to Big Tech that its antitrust-oversight capability isn't limited to the SAMR.
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Petroecuador's recent loss in a bid to secure payment from a bribe payer reinforces an emerging legal bulwark.
Contributors
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Yonnex Li Chief Correspondent, Greater China
Yonnex has an MA in Journalism from the Chinese University of Hong Kong, after obtaining a BA in Translation at the same university. At MLex, she writes extensively on antitrust developments in the Greater China region, including investigations, court cases and merger control of international transactions. Prior to joining MLex, she worked as a reporter at the English division of the Hong Kong Economic Journal, providing coverage and analysis on China's banking sector, asset management... Read more