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PUBLICATIONS & RESOURCES

Ms Natalie YEUNG
Ms Natalie Yeung is a partner and head of the Asian competition practice at Slaughter and May. She travels between its Hong Kong and Beijing offic ... [more] Ms Natalie Yeung is a partner and head of the Asian competition practice at Slaughter and May. She travels between its Hong Kong and Beijing offices.

Ms. Yeung is an experienced competition and regulatory lawyer who has worked on a range of antitrust, merger control and regulatory matters involving Hong Kong, EU and UK competition law.

Her clients include the Hong Kong Association of Banks (on the first application for a decision under the Competition Ordinance), Hong Kong Liner Shipping Association (on the first block exemption application in Hong Kong), MTR Corporation, and the Hong Kong Communications Authority. She has also advised multinational companies in relation to investigations in China.

Ms. Yeung is also responsible for coordinating the Chinese and Asian merger notifications on global transactions. Her advice on cross-border transactions includes: Google’s acquisition of certain assets of HTC Corporation; SoftBank Vision Fund’s certain recent investments; Tencent’s acquisition of a majority stake in Supercell; Shell’s acquisition of BG Group; Starwood on its acquisition by Marriott; and Thermo Fisher’s acquisitions of Life Technologies and FEI Company.

Ms. Yeung is listed as a leading lawyer in Chambers Asia-Pacific 2018, a highly regarded lawyer in the IFLR 1000 Asia-Pacific 2018, and recommended as a competition law expert in the 2018 edition of Who’s Who Legal. Natalie is referred to as “one of the standout lawyers in Hong Kong” and “one of the world's foremost experts on Hong Kong's competition legislation”. She has also been named as the youngest lawyer in Global Competition Review’s "40 under 40" in 2015.
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PUBLISHED PAPERS
Over the Rainbow - Recent Approaches to Resale Price Maintenance in China
2016, International Antitrust Bulletin, Vol.3, 2016, p.13-14
"The law on the legality of resale price maintenance (RPM) is a famously polarized area in the global context. On one hand, jurisdictions such as the EU and UK treat such arrangements as per se illegal (notwithstanding that they allow for certain defenses), without the need for analyzing their effects. On the other hand, the U.S. has led a rule of reason approach, assessing both the procompetitive and anticompetitive effects of a given agreement (rather than prohibiting such agreements outright ...
Authors: Ms Natalie YEUNG, Elie Yoo
Analytical Paper on MOFCOM’s Evolving Approach to Remedies
2016, ABA CLE Paper
"In the nine years since MOFCOM started reviewing transactions under the Anti-Monopoly Law of China ('AML'), it has intervened in approximately 30 cases out of over 1,600 filings. In 2017, MOFCOM imposed remedies in seven transactions, compared with only two in 2016.

Based on reviews of these cases and comparing MOFCOM’s remedies to US and EU decisions on the same cases (where relevant), it seems that MOFCOM continues to be willing to diverge from the decisions of the other regulator ...
Getting the Deal Through - Cartel Regulation 2018 - Hong Kong
2017, Getting the Deal Through - Cartel Regulation 2018
"Section 6 of the Competition Ordinance 2012 (Cap 619 of the Laws of Hong Kong) (the Ordinance) prohibits cartel conduct in Hong Kong. The substantive provisions came into effect on 14 December 2015.

The Competition Commission (the Commission) and the Communications Authority (CA) issued six guidelines under the Ordinance on 27 July 2015 (the Guidelines). The Guidelines provide guidance on how the Commission and the CA intend to interpret and apply the provisions of the Ordinance. In ...
A Coat of Many Colors: Joint Ventures in International Merger Control
2018, Antitrust, Vol. 32, No. 2, Spring 2018, p.89-93
"Joint Ventures often raise complex merger control questions. Divergence in the treatment of joint ventures under competition laws around the world means that the jurisdictional assessment of the same transaction may be diametrically different. A sound knowledge of international merger control rules is crucial for identifying where a joint venture may trigger a merger filing and, where possible, for advising clients on possible structuring options to minimize the number of merger filings that ma ...
Authors: Ms Natalie YEUNG, Paddy Law
Analytical Paper on the Importance of Filing with MOFCOM – Recent Penalty Decisions for Failure to Notify
2018, 2018 ABA Conference: ‘Merger Control 101’ Panel
"When carrying out an assessment of where merger notifications in the context of a merger, acquisition or joint venture should be made, it is important to bear in mind the implications and potential penalties of implementing a transaction without clearance. In China, the Anti-Monopoly Bureau of the Ministry of Commerce in China ('MOFCOM') has been stepping up its enforcement actions against merging parties for failing to notify. ...