High-Profile Merger Filings in 2019: An Analysis of Conditionally Approved Concentrations

This article focuses on the five conditional approvals issued by the Chinese antitrust authority in 2019. There five such cases, i.e., KLA-Tencor/Orbotech, Cargotec/TTS, II-VI/Finisar, Garden Bio/DSM and Novelis/Aleris. This article analyses these cases from both procedural and substantial perspectives. The paper concludes that, in terms of procedure, one of the most significant features is the long and complex review process. In particular, it is important to assess whether a case in fact qualifies