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China Law Insight

China Depth, International Expertise

Proportionate application of remuneration requirements: new European Banking Authority opinion

Posted in Global Network

By Tamsin Rickard, King & Wood Mallesons

The interpretation of staff remuneration rules for banks and certain investment firms across Europe looks set to be clarified, following a new opinion from the European Banking Authority (the “EBA”) which was published on 21 December 2015.

The opinion relates to the so-called “proportionality principle” under CRD IV, the EU legislation which, amongst other things, sets out requirements in relation to staff remuneration for banks and certain investment firms. CRD IV strengthened and revised its predecessor (CRD III) in response to the financial crisis.

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薪酬要求的相称适用:欧洲银行管理局发布新意见

Posted in Global Network

作者:Tamsin Rickard  金杜律师事务所

随着欧洲银行管理局于2015年12月21日发布最新意见,有关欧洲各地银行和特定投资公司员工薪酬制度的解释势必更为明朗。

意见涉及欧盟立法资本要求指令四中所谓的“相称性原则”,该原则和其他条款一道列明了对银行和特定投资公司员工薪酬的要求。资本要求指令四对原有的资本要求指令三加以巩固和修订,以应对金融危机。

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资本公积转增注册资本:尘埃落定之后的再落定

Posted in Tax

作者: 叶永青 赵文祥 金杜律师事务所商务合规部

ye_bill、问题的提出

2015年10月23号,财政部、国家税务总局发布了《关于将国家自主创新示范区有关税收试点政策推广到全国范围实施的通知》(财税[2015]116号),文中规定,全国范围内中小高新技术企业以未分配利润、盈余公积、资本公积向个人股东转增股本的,适用“利息、股息、红利所得”税目,按照20%税率征收个人所得税,一次性缴纳困难的,可5年内分期缴纳。由于该规定没有区分资本公积类型,有观点认为,该文件事实上可以成为对资本公积转增资本征收个人所得税的法律依据,从而使得各地税务机关对资本公积转增事项普遍行使征税权不再有所顾虑。事实真是如此?其实,对于这个问题的回答,本质上需要从法理和法律层面对什么是企业所得税法中的所得进行分析。而从中国税法现有规则中寻找所得界定的规律是一件相当纠结的事情,本文所能做的是把问题的路径清晰化,但答案如何,只有诸君见仁见智了。

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Can employers terminate the employment contract due to an employee’s giving birth to a third child?

Posted in Labor & Employment

By Xu Xiaodan and Liu Chang King & Wood Mallesons’ Commercial & Regulatory Group

Txu_xiaodanhe Amendment of the PRC Population and Family Planning Law has been officially implemented as of January 1st, 2016. The aforementioned Amendment has changed China’s previous one-child policy to one that encourages couples to have a second child, establishing the “two-child policy”, under which couples are allowed to have additional children if legal requirements are met.

The issue to be addressed here, is whether an employer may terminate an employee’s employment contract, if the latter violates the national family planning policy by giving birth to a third child. This issue has baffled employers for a long time, over which no unified opinions have been formed in judicial practice.

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劳动者生育三孩,用人单位能否以此为由解除劳动合同?

Posted in Labor & Employment

作者:徐晓丹 刘畅  金杜律师事务所商务合规部

xu_xiaodan人口与计划生育法》修正案已于2016年1月1日起施行。修正案将原先国家“提倡一对夫妻生育一个子女”的规定修改为“提倡一对夫妻生育两个子女”,确立了“全面二孩”政策。在新政策下,如果公民符合法律、法规规定条件的,可以再生育子女。

那么,如果员工违反国家生育政策生育三孩,用人单位能否以此为由与其解除劳动合同?对于这一长期以来困扰用人单位的问题,司法实践尚未形成统一观点。

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CIETAC issues optional Guidelines on Evidence

Posted in Global Network

By Louise England and Long Dong King & Wood Mallesons’ Dispute Resolution Group

Prior to the China International Economic and Trade Arbitration Commission (CIETAC) Guidelines on Evidence (Guidelines) coming into effect on 1 March 2015, CIETAC tribunals relied on a combination of the Arbitration Law of the People’s Republic of China (Arbitration Law), the CIETAC Arbitration Rules 2015 (Arbitration Rules), the IBA Rules on the Taking of Evidence in International Arbitration (IBA Rules) and “the Chinese principles of evidence in civil litigation that are suitable for use in arbitration” when determining evidentiary matters.

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中国国际经济贸易仲裁委员会发布《证据指引》

Posted in Global Network

作者:Louise England  龙冬 金杜律师事务所争议解决部

介绍《中国国际经济贸易仲裁委员会证据指引》的必要性

在中国国际经济贸易仲裁委员会(贸仲)的《证据指引》(《指引》)于2015年3月1日生效之前,贸仲的仲裁庭在处理证据问题时,结合适用《中华人民共和国仲裁法》(《仲裁法》)和国际律师协会的《国际商事仲裁取证规则》(《IBA规则》),以及“中国民事诉讼中适合于仲裁的证据原则” 。

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Post-election investment in Nigeria: a brave new world?

Posted in Global Network

By Ian Hargreaves King & Wood Mallesons’ London Offcie

hargreaves_iA sea change in Nigeria’s political and economic history took place on 28 March 2015. What was widely expected to be a tense and possibly violent election proved to be a peaceful democratic handover with General Muhammadu Buhari becoming the first Nigerian to unseat a sitting President at the ballot box.

The euphoria that followed found its way to the markets almost immediately. Shortly after President Goodluck Jonathan’s concession, the Nigerian stock market recorded an unprecedented rally on gaining NGN 904 billion, as investors reacted positively to the peaceful conclusion of the elections.

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《中澳自由贸易协定》——你准备好了吗?2016年业务预测

Posted in Global Network

作者:金杜律师事务所

历时十年谈判和一年多的微调后,备受期待的《中澳自由贸易协定》(ChAFTA)于2015年6月17日签署,并终将于同年12月20日生效,中国与发达国家签署的条件最为有利的贸易协定由此尘埃落定。

根据这一协定,澳大利亚向中国出口的超过86%的商品(在2014年其价值超过860亿美元)将实现零关税,2016年1月1日《中澳自由贸易协定》全面实施后,这一比例将增至96%。

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Are you ready for ChAFTA? Our predictions for business in 2016

Posted in Global Network

By King & Wood Mallesons

After a decade of negotiations and over a year of fine tuning, the much anticipated China-Australia Free Trade Agreement (ChAFTA), which was signed on 17 June 2015, will finally come into force on 20 December 2015, cementing the most favourable trade deal that China has concluded with any developed economy.

Under the agreement, more than 86 per cent of Australia’s goods exports to China (worth more than $86 billion in 2014) will enter duty free, rising to 96 per cent when ChAFTA is fully implemented on 1 January 2016.

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