Mr Cheng Liu is a partner of King & Wood Mallesons in Beijing, and has been practising antitrust and competition law since 2004. His legal practice covers all aspects of Chinese antitrust and competition matters, including merger control filings, antitrust administrative investigations, antitrust compliance and anti-unfair competition issues.
Mr Liu regularly advises clients, including numerous multinational companies and Chinese companies, in their merger filings with the Chinese authorities, including a number of high-profile global deals, such as Berkshire’s US$37.2 billion acquisition of Precision Castparts Corp; BG Group’s US$53 billion acquisition of Royal Dutch Shell; China General Nuclear Power Group’s landmark £6 billion investment in the Hinkley Point C nuclear power project; the merger between China Energy Group and China Guodian Group, two of the country’s largest state energy companies; and Daimler AG’s strategic investments in Chinese leading automobile enterprises in Greater China. Mr Liu provides legal services and counsel to foreign and Chinese companies, investment banks and private equity funds to facilitate their M&A transactions and fund investments, including design of transaction structure, negotiation and drafting of legal documentation and regulatory advices.
Mr Liu has extensive experience in antitrust compliance, including providing antitrust internal audits, reviewing sales contracts, delivering antitrust training programmes, and designing and performing mock dawn raids. Mr Liu has profound knowledge and insights of businesses’ needs based on his prior in-house working experience in a Fortune 500 company, and therefore can always apply a made-to-measure approach that suits deals with different interests. He has assisted in self-audits and training for companies in various industries including automobiles, auto parts, medical devices, household appliances and chemicals, as well as industry associations.
Mr Liu represents multinational and domestic companies in responding to antitrust administrative investigations initiated by the Chinese enforcement authorities in the areas of RPM cases and abusive conducts. He also helps clients to apply for leniency treatment in investigation cases and assists clients in risk management in their daily operations. His practice spans multiple sectors, including, among others, high-tech, automotive, auto parts, healthcare and consumer goods, etc.
With years of experience in dealing with the Chinese regulators, Mr Liu has been actively participating in the legislation of the Chinese Anti-monopoly Law and the formulation of related administrative rules and antitrust guidelines; and he maintains regular contact and good working relationships with both central and local enforcement authorities. Mr Liu has been invited by industry associations to draft competition reports. Mr Liu is highly recognised and has recently authored publications including “Navigating through Merger Control Review in China – Challenges for US Companies During a Time of Uncertainty”; “Interpretations on SAMR Interim Rules on Monopoly Agreements and Abuse of Dominance”; “2019 in Review: China’s Anti-Monopoly Law Enters into Its Second Decade”; “2018 in Review: the Beginning of a New Era of AML Enforcement”; “Interpretation of Measures for Administration of Automobile Sales from the Antitrust Perspectives”; and series publications on antitrust guidelines for automotive industry including an overview and FAQ, “Clarifications on the Enforcement of Resale Price Maintenance”, “Vertical Non-price Restrictions Face Potential Challenges”, and “Antitrust Issues in Automotive Aftermarket”, among others.
In recent years, Mr Liu has been recognised as one of the leading competition lawyers in China by many of the most prominent global legal guides, including IFLR1000 (2013-2020), Global Competition Review and Asialaw. Mr Liu has been recognised as a “rising star” for antitrust and competition in Euromoney’s first Rising Stars guide (2015), published by Legal Media Group; a “highly recommended” lawyer in China for antitrust and competition, and WTO/international trade, by The Legal 500: Asia Pacific (2016-2017); and a “leading individual” by Chambers Asia-Pacific (2016).
Mr Liu joined King & Wood Mallesons in 2010. Prior to this Mr Liu worked in DLA Piper’s Beijing office. Mr Liu has previously worked in-house as a Greater China legal counsel at BASF (China), where he was responsible for trade, investment, antitrust and commercial contracts, among others. He also practised at King & Spalding’s Washington office and another PRC firm in Beijing.Mr Liu received his LLM degrees from New York University and the University of International Business and Economics. He is qualified to practise in mainland China and in the state of New York. Mr Liu's working languages are Chinese and English.
Mr Cheng Liu is a partner of King & Wood Mallesons in Beijing and has been practising trade law since 2000. His legal practice covers full aspects of international trade matters, including trade remedy investigations, customs law compliance, WTO compliance and litigation.
Mr Liu regularly advises clients on, and has represented numerous multinational companies and Chinese companies in, antidumping (“AD”), countervailing duty (“CVD”) and safeguard investigations, including a number of recent high-profile cases in China, such as the AD and CVD investigations on imports of barley from Australia, the safeguard investigation on imports of sugar, the AD and CVD investigations on imports of grain sorghum from the US, the AD investigation on imports of stainless steel billet and hot-rolled stainless steel plate (coil) from the EU, Japan, Korea and Indonesia, etc.
Mr Liu has extensive experience in the area of international trade remedies. He has represented a significant number of Chinese exporters and multinational companies in responding to the US, EU and Chinese AD, CVD and safeguard investigations across a broad spectrum of industries including chemicals, furniture, paper, steel, electronics, agriculture, medical equipment, and light industry among others. Mr Liu has achieved satisfactory results for the clients in many trade remedy investigations, such as representing all Japanese companies in the AD investigation of seamless tubes and pipes (“P92”) from the US, EU and Japan and successfully having the investigation against Japanese products terminated; representing an EU company in the AD investigation of hemodialysis equipment and successfully terminating the case by compelling the petitioners to withdraw their petition, represented a Japanese company in the AD investigation of acrylic fiber and successfully excluding the client from the investigation by arguing product scope, etc.
Mr Liu assists Chinese Ministry of Commerce (“MOFCOM”) in several matters pertaining to AD, CVD and other WTO-related legal issues. With years of experience in dealing with the Chinese regulators, Mr Liu has been actively participating in the legislation of the Chinese AD and CVD regulations and formulation and amendment of related administrative rules and provisions, and maintaining regular contact and good working relationship with the Chinese enforcement authorities. Mr Liu has been invited to train Chinese exporters, industry associations and local government authorities to cope with the overseas AD and CVD investigations. Mr Liu also frequently advises foreign and Chinese companies on customs, general import/export and other trade related matters.
In the past years, Mr Liu has been recognised by many global famous legal media as one of the leading competition lawyers in China, such as IFLR 1000 (2013–2020), Global Competition Review and Asialaw. Mr Liu has been ranked as one of the highly recommended lawyers in both WTO/international trade, antitrust and competition in China by The Legal 500 in its 2016 and 2017 Asia-Pacific rankings. In 2016, Mr Liu has been ranked as a “Leading Individual” by Chambers Asia-Pacific. In 2015, Mr Liu was recognised as a Rising Star in the area of antitrust and competition by Euromoney’s first Rising Stars guide published by Legal Media Group.
Mr Liu joined King & Wood Mallesons in 2010. Prior to this, Mr Liu worked in DLA Piper’s Beijing office. Mr Liu has previously worked in-house as a Greater China Legal Counsel at BASF (China) Co, Ltd, where he was responsible for trade, investment, antitrust and commercial contract among others. He also practised at King & Spalding LLP’s Washington office and another PRC firm in Beijing.Mr Liu received his LLM degrees from New York University and the University of International Business and Economics. He is qualified to practise in mainland China and in the state of New York. Mr Liu's working languages are Chinese and English.