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China Law Insight

China Depth, International Expertise

2017年证监会并购重组反馈意见分析调查

Posted in Uncategorized

作者:莫里斯&麓伯

2017年证监会发布配套融资新政,资产市场结构全面调整

自2016年证监会明确募集配套资金不能用于补充上市公司和标的资产流动资金、偿还债务这一规则以来,这似乎就预示着配套融资市场结构亟待调整,其发行节奏也可能会受其影响而逐步变缓。而于2017年2月公开的配套融资新规,让几十家正处于申报阶段的上会公司在发布新规之后的几个月内彻底放弃,主动宣布调整、终止非公开发行的方案。 Continue Reading

New Policy on Foreigner’s Employment in China

Posted in Antitrust & Competition, Competition Law, Corporate, Labor & Employment
By Lucy Lu, Ding Wu  King & Wood Mallesons’ Commercial & Regulatory group

陆慧文At the end of 2015, the Administrative Examination and Approval Reform Office of the State Council decided to integrate the Employment Permit for Foreigners (issued by the Ministry of Human Resources and Social Security) and the Foreign Expert Work Permit (issued by the State Administration of Foreign Experts Affairs) into the Foreigner’s Work Permit in China. This new policy has been implemented nationwide since 1 April 2017. Being more than just a simple combination of permits, the “Two-in-One License” reform realizes the unified management of foreigner’s employment in China. Below are highlights of the new policy.

Unification of the Certificate Name  Continue Reading

外国人就业新政:1+1>2?

Posted in Antitrust & Competition, Competition Law, Labor & Employment

作者:陆慧文 丁戊 金杜律师事务所商务合规部

lu_lucy2015年底,国务院审改办决定将人社部负责的“外国人来华就业许可”和国家外国专家局实施的“外国专家来华工作许可”整合为“外国人来华工作许可”。新版许可自2017年4月1日起全国统一实施。“两证整合”不仅是简单合并,而是统一外国人来华工作管理服务,对于这一新政的亮点,我们作出如下简要解读,以供参考。

统一证件名称 

本次新版许可在旧版的基础上,对许可证书进行了整合。原《外国专家来华工作许可证》、《外国人就业许可证》统一整合为《外国人工作许可通知》,采用电子化在线打印;原《外国专家证》和《外国人就业证》统一整合为《外国人工作许可证》。《外国人工作许可证》作为外国人在中国工作的合法证件,一人一号、终生不变。 Continue Reading

聚焦中国“一带一路”倡议 Exploring China’s Belt and Road Initiative

Posted in Uncategorized

欢迎阅读第七期《跨境》,我们定期报道全球国际仲裁动态。

Welcome to the seventh edition of Crossing Borders, a periodic review of developments in international arbitration across the world. 

本期《跨境》聚焦中国提出的“一带一路”倡议及其对国际仲裁的影响。我们将探讨投资者在“一带一路”沿线国家和地区的投资中面临的主要风险和缓解策略,通过审慎设计投资结构、起草争议解决条款和利用商业和投资条约仲裁保护进行有针对性的投资保护的重要性。我们还将讨论与实施“一带一路”倡议相关的一个重要方面,即在中国承认和执行外国仲裁裁决。

In this edition, we focus on China’s Belt and Road initiative and its impact on international arbitration. We explore some of the key risks and mitigation strategies investors can use when making their investments along the Belt and Road, the importance of tailoring investment protections through careful structuring of investments, drafting of dispute resolution clauses and use of commercial and investment treaty arbitration protections. We also look at an area of significant practical importance to the initiative: the recognition and enforcement of foreign arbitral awards in China. Continue Reading

无“数据”,怎“车联”?——“车联网”数据类核心业务法律监管刍议

Posted in Antitrust & Competition, Competition Law, Corporate

作者:宁宣凤 杨楠 王圣然 金杜律师事务所商务合规部

ning_susan把握“车联网”法律监管的主线——“两端”+“一点”

“车联网”,又称“智能网联汽车”,顾名思义,就是实现汽车功能及使用的“网络化”和“智能化”。车联网自21世纪第二个十年起,在中国方兴未艾,其应用场景和业务类型呈现出迅速多样化、扩展化的发展趋势。我们在此引用清华大学汽车产业与技术战略研究院赵福全教授等对车联网所做的服务分类[1]Continue Reading

Confessing your data breach sins

Posted in Global Network

By Michael Swinson and James Patto. King & Wood Mallesons’ Melbourne office.

捕获Earlier this year, after several frustrated efforts, Australia finally passed new mandatory data breach notification laws in the form of the Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth) (which will come into effect on or before 22 February 2018).

While much has already been written about the Act, there is still a degree of uncertainty as to how the new regime may play out in practice. In this article, we aim to guide readers through the practical application of the laws by reference to a number of hypothetical fact scenarios and, in the course of doing so, provide some practical compliance tips. Continue Reading

该来的迟早会来:中国版CRS新规评析与思考

Posted in Finance

作者:叶永青 赵文祥 金杜律师事务所商务合规部

ye_bill《非居民金融账户涉税信息尽职调查管理办法》(简称“CRS新规”)在征求意见稿发布半年后终于落地。面对姗姗来迟的CRS新规,结合未来个人所得税改革的方向,我们有如下要点需要提醒和重申:

新规与意见稿相比有什么变化?

除了语言、概念表述上的完善,以及日期的相应延后,总体而言,CRS新规与意见稿相比,变化不大。对于CRS的相关解读,可以参见我们原来的文章《当银行遇见税务局——新金融下的税收征管之律师必读(一)》。值得提及的修改主要有以下三点: Continue Reading

 CRS Implementing Rules Finally Released

Posted in Finance

By Chen Yun (Robert) & Wang Rong King & Wood Mallesons’ Finance & Capital Markets group

chen_yunFinally after seven months of waiting, the Administrative Measures on Due Diligence of Tax Related Information in respect of Non-Resident Financial Accounts (the “Measures”) were jointly promulgated by the State Administration of Taxation (“SAT”), Ministry of Finance (“MOF”), People’s Bank of China (“PBOC”), China Banking Regulatory Commission (“CBRC”), China Securities Regulatory Commission (“CSRC”) and China Insurance Regulatory Commission (“CIRC”) on May 19, 2017.

Compared to the previous draft for public comments, there is no material change in the Measures. For relevant background information, please refer to our previous article: “PRC issued consultation paper for CRS/FATCA implementation rules”. Continue Reading

金杜获聘为中国金融期货交易所律师顾问团成员单位

Posted in Uncategorized

作者:金杜律师事务所

2017年5月19日,中国金融期货交易所(简称“中金所”)律师顾问团成立大会暨期货交易所法律风险防范专题研讨会在上海召开。会议的首要环节即中金所党委委员、副总经理曹越致辞,并代表中金所向包括金杜律师事务所在内的九家律师事务所颁发聘书,正式聘请这九家律所为中金所律师顾问团成员单位。之后,参会专家们围绕交易所自律监管的正当性及诉讼风险防范、交易所业务规则的法律效力及完善、场外衍生品市场法律风险及相关制度完善等三个主题进行专题发言和讨论。金杜合伙人刘凌云代表出席会议并接受聘书。 Continue Reading

China: ADAS to Self-driving Cars – The Journey Starts

Posted in Corporate

By Mark Schaub,  Atticus Zhao, David Hong  King & Wood Mallesons’ Corporate & Securities group

schaub_mThe move towards self-driving cars is relentless and China as the world’s largest auto market and a leader in internet technologies wants to be at the cutting edge of this revolution.

That self-driving cars is a huge potential market seems clear. On March 3, 2017, IHS Markit, the leading automobile market intelligence firm, published its latest Advanced Driver Assistance Systems (ADAS) Applications and Sensors Report[1]. This report noted that the global ADAS market is set to explode and surpass 302 million units annually in 2022 – which would be a nearly 200% increase over the 2016 numbers. This growth is mostly driven by advances in sensors technology that can be combined to provide better automated driving and includes aftermarket ADAS solutions for existing vehicles. Continue Reading