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Britain votes to leave the EU – implications for your business

Posted in Global Network

By King & Wood Mallesons

On Thursday June 23rd, a majority of the British electorate voted in favour of leaving the European Union, setting the country on an entirely new course for the next generation.

It is important to remember, of course, that overnight, nothing has changed: EU law continues to apply, as do UK laws derived from the EU.

Only in the coming weeks and months will we begin to see the real ramifications of the vote.  Indeed, the government is not legally obliged to trigger Article 50 TFEU, beginning the exit proceedings, though it will be under intense political pressure to do so.  Much will depend on how quickly it attempts to repeal EU laws.

While a great deal remains unknown at this stage, companies should begin considering which pieces of legislation and regulation are valuable – or unhelpful – in the context of your business, and ensure you have adequate provisions in place to cope with any such measures falling away.  There will also be a role for the business community to play in helping to shape Britain’s future relationship with Europe.

King & Wood Mallesons has been studying the implications of Brexit over an extended period, working with clients, industry leaders, academics, heads of both the ‘in’ and ‘out’ campaigns, media influencers and others to offer a 360° view of the implications of Brexit for clients.  We have outlined below some of the key initial considerations in different areas.

We would be happy to discuss in more detail the implications of today’s vote for your business.

Read full article, please click here.

金杜观点丨解读公投结果:英国确定退欧

Posted in Global Network

作者:金杜律师事务所

英国当地时间6月23日,大部分英国选民投票赞同脱离欧洲联盟,使英国的下一代人踏上了一条全新的道路。

当然,时隔一夜,一切依然如故:欧盟法律持续适用,从欧盟法律派生的英国法也会继续有效。

只是在未来数周乃至数月,我们才会慢慢看到公投的真正影响。尽管存在强大的政治压力,但英国政府并没有法定义务触发会启动退欧程序的《欧盟运行条约》第50条。许多事都将取决于政府准备废除欧盟法律的快慢。

虽然目前存在大量未知因素,但公司应当开始考虑,对您的业务而言,哪些法规有用,哪些没用,并确保为应对这些即将失效的措施作好充分准备。在重塑英国与欧盟的未来关系中,商业界也将扮演角色。

一段时间以来,金杜律师事务所一直在研究英国退欧的影响,与客户、行业领军者、学界、“留欧”和“退欧”两派的领袖、对媒体有举足轻重影响的人物以及其他各方合作,为客户360度全方位阐述退欧的影响。下面我们概述了不同领域一些初步需要考虑的关键问题。

我们很乐意更详细探讨公投对您的业务的影响。

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Bank shutdown – the new frontier of AML/CTF regulation

Posted in Global Network

By Urszula McCormack and Matthew Howlett  king & Wood Mallesons’ Hong Kong Office.

Tmccormack__uhe Money Authority of Singapore’s recent announcement that it intends to withdraw BSI Bank Limited’s licence highlights the potentially severe consequences for banks breaching their AML obligations – and a trend beyond mere financial penalties. It also highlights the ever-increasing risks for individuals.

This article summarises the key facts and provides four important takeaways for financial institutions operating in Hong Kong.

Read full article, please click here.

广州知识产权法院作出首份诉前禁令

Posted in Uncategorized

作者:金杜律师事务所

今天上午,广州知识产权法院作出了该院成立以来第一份诉前禁令,这也是中国知识产权法院成立后在专利侵权纠纷中作出的第一件诉前禁令。该裁定责令广州问叹贸易有限公司、广州贝玲妃化妆品公司立即停止侵犯法国著名设计师克里斯提·鲁布托三项口红外观设计专利权的行为。

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如何正确起草一份应收账款质押确认通知

Posted in Finance

作者:吴俊 金杜律师事务所争议解决部

wu_jun收账款质押是一种操作简便的物上担保方式,对于权利人来说,其具有物权效力,能获得排他性的优先受偿,效力上优于人的担保。同时,相对其他物上担保,其办理起来也十分快捷方便,成本低,效率高,故深受市场喜爱。

但实务操作中,容易为质权人忽视的一个重要问题是通知次债务人的问题。即在完成应收账款质押登记,权利已经生效后,是否有必要通知次债务人(即提供担保的质押人的债务人,其具有向质权人付款的义务)以及如何通知的问题。

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Busting the brexit myths

Posted in Global Network

By Simon Holmes and Naomi Inns, King & Wood Mallesons’ London Office

Oholmes_sn 23 June 2016, the UK will hold a referendum on its continued membership in the European Union (EU).The result will have significant implications for both UK businesses and businesses operating in the UK.

UK business leaders – alongside politicians – have been fiercely debating their ‘Stay’ or ‘Leave’ positions. In this article we explore one of the key arguments of the ‘Leave’ campaign (Brexit), namely that Brexit will be good for businesses because it will reduce red tape regulation.

Brexit may not reduce red tape to the benefit of businesses

In addition to the official Leave Campaign, there are a number of independent campaigns calling for Brexit, including Business for Britain which argues that:

“Free from unnecessary, restrictive and financially punitive regulation, able to make our own trade arrangements and to better invest our wasted EU “tax”, Britain will be the best place in the world to do business.” Continue Reading

打破退欧神话

Posted in Global Network

作者Simon HolmesNaomi Inns   金杜律师事务所伦敦办公室

2holmes_s016年6月23日,英国将就是否留在欧盟举行全民公决。这一结果将对英国企业及在英国运营的企业产生重要影响。

英国企业家们——连同政客——已经开始就“留欧”或“退欧”展开了激烈讨论。本文探讨了支持离开欧盟(退欧)的一大主要论据,即退欧对企业利好,因为可以减少企业面临的繁琐监管。

退欧并不会减少企业面临的繁文缛节

除了官方的退欧运动之外,还有大量独立的宣传运动主张退欧,其中就有英国商界,他们宣称:

“从不必要的、限制性的和经济惩罚的监管中解脱出来,能够制定我们自己的贸易协议,并且能够用浪费在欧盟的税收作出更好的投资,英国将会成为全世界最理想的经商之地。”

众所周知,欧盟已经饱受过度管制之累,这一点赋予上述论据直接和表面的吸引力。然而,据安永展开的一项调查,72%的投资者对欧盟单一市场和英国市场的兴趣不分伯仲。显然,对于“退欧是应对过度监管的方案”之类的任何论据而言,必定受到企业的质疑。 Continue Reading

“英国退欧”视频专访(字幕版):能源

Posted in Global Network

作者:金杜律师事务所 King & Wood Mallesons

There is an argument that if Brexit were to happen, it is likely that the UK would remain part of Europe’s integrated gas and electricity markets, in the same way as Norway or Switzerland, using one mechanism or another.

有观点认为,即便英国退欧,英国很可能会像挪威或瑞士那样,用这个或那个机制,留在欧洲统一的电力市场之内。 Continue Reading

跨境工程应收款保理融资新模式解析

Posted in Finance

作者: 苏萌 贾之航 金杜律师事务所金融资本部

sumeng据中国对外承包工程商会不完全统计,在“一带一路”的背景下,中国对外承包工程企业正在跟踪的海外项目金额高达近一万亿美元。在传统金融信贷模式之下,中资企业在对外投资、工程承包方面正面临严重的融资瓶颈。如果不能突破观念局限,对融资模式不断创新,我国的对外承包工程企业在与韩国、日本和西方企业竞争时,将可能处于劣势。

近年来,国际工程竞争已趋于白热化,在国际前一百名的承包商企业中,有二十多家来自中国,中国的对外承包企业如何利用金融工具在国际通行的“F+EPC”语境下与国外对手竞争,将是整个行业的重要课题。

与承包商相关的融资模式主要有融资租赁、公司融资(即仅以母公司担保或信用保险取得银行融资)和保理融资等。本文着重讨论跨境承包工程保理融资,特别是结合了项目融资属性的保理交易结构,此类结构有利于承包商减轻融资负担,避免母公司信用过度占用,且为中资银行带来有保障的稳定收益。

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“英国退欧”视频专访(字幕版):环境

Posted in Global Network

作者:金杜律师事务所 Kiing & Wood Mallesons

Environmental policy has hardly been mentioned in the public debate on EU Membership so far, which is quite surprising as about 90 per cent of the UK’s environmental legislation comes from EU legislation. The EU has had a huge impact on the development of environmental policy and law in the UK over the past 40 years and has undoubtedly had a positive effect in making us clean up our act in areas like air pollution, water pollution and waste management, although some EU environmental laws have been criticised as burdensome red tape by some business sectors.

目前,围绕退欧展开的公开辩论几乎从来没有提到环境政策,这是令人感到非常意外的,因为近90%的英国环境法规都源自欧盟法规。在过去40年中,欧盟对英国环境政策和法律的发展产生了巨大影响。尽管一些企业部门批评部分欧盟环境法律,认为这些繁琐的规定造成了很大负担,但毫无疑问,在治理空气污染、水污染和废物管理方面,欧盟对我们的工作起到了积极的推动作用。 Continue Reading