Header graphic for print

China Law Insight

China Depth, International Expertise

Investing in Russia? – Lessons learnt from the Yukos and Sanum Cases

Posted in Uncategorized

By TIAN Wenjing ZHANG Chen Xu Yue

tian_wen-jingAccording to statistics released by the National Bureau of Statistics, outbound direct investment from China to Russia was USD 2.961 bn in 2015, up by 367.3% year on year. By the end of 2015, the total amount of Chinese FDI in Russia was USD 14.02 bn, second among all 64 “One Belt, One Road” countries by value. As shown by the “Belt and Road Initiative Big Data Report (2016)” compiled by the Leading Group Office for Promoting “Belt and Road” Construction, Russia tops the list of “One Belt, One Road” countries in terms of cooperation-worthiness. With its vast domestic market, stable political environment, complete infrastructural network and friendliness towards investment from China, Russia is obviously a big magnet for Chinese investment and shows enormous potential. Continue Reading

金杜助力中金公司完成对中投证券战略收购

Posted in Uncategorized

作者:金杜律师事务所

在金杜律师事务所协助下,中国国际金融股份有限公司(简称“中金公司”)通过向中央汇金投资有限责任公司(简称“中央汇金”)发行内资股的方式成功收购中国中投证券有限责任公司(简称“中投证券”)全部股权,交易对价高达167亿元。本次交易是中金公司继2015年成功在香港联交所主板上市后,把握市场机遇、提升行业地位完成的又一重大举措和战略拓展,将助推其长远发展,加速实现打造世界级一流投资银行的目标。 Continue Reading

如何应对《民法总则》诉讼时效制度的变革

Posted in Dispute Resolution

作者:雷继平 李时凯 金杜律师事务所争议解决部

lei_jiping诉讼时效是权利人在法定期间内不行使权利,权利不受司法强制保护的法律制度。在现行《民法通则》框架下,普通诉讼时效期间为两年;但近日颁布的《民法总则》第188条规定,将诉讼时效期间由两年延长为三年,并将诉讼时效期间的起算点调整为“自权利人知道或者应当知道权利受到损害以及义务人之日”。

全国人大常委会副委员长李建国在2017年3月8日所作的《关于<民法总则(草案)>的说明》中表示,《民法总则》通过、实施后,暂不废止《民法通则》。二者规定不一致的,以《民法总则》的规定为准。

就诉讼时效期间而言,《民法通则》与《民法总则》如何衔接,《民法总则》没有作出规定,对此,通常应该由最高法院作出相关的司法解释。 Continue Reading

Respite or False Dawn: MOFCOM Hints at Softening of Tough PRC E-commerce Policies

Posted in Corporate

By Mark Schaub, Chen Bing and Martyn Huckerby  King & Wood Mallesons’ Corporate & Securities group

schaub_mchenbing

huckerby_martynInternational health food companies and infant formula food suppliers rejoiced when on March 17, 2017, China Ministry of Commerce (“MOFCOM”) confirmed on an official news release that the current supervision model will likely be adjusted for cross border e-commerce retail import (“CBEC”) after January 1, 2018. The release advised that the new model will apply to 15 pilot zones.

The mood was markedly different back in April 2016, where several PRC authorities jointly and officially issued new policies regulating cross border e-commerce. The most concerning aspect of the April 2016 measures was that a range of products including health food, infant formula, cosmetics and medical devices would need to be registered or filed with the PRC authorities. Continue Reading

金杜获评“4A级专利代理机构”荣誉称号

Posted in Uncategorized

作者:金杜律师事务所

2017年3月22日,由北京市知识产权局主办的首都知识产权服务机构工作会在京召开。金杜律师事务所以多年来在专利领域的突出执业表现和出众的团队实力获得“4A级专利代理机构”称号的表彰。国家知识产权局规划发展司刘菊芳副司长、北京市知识产权局汪洪局长、北京市知识产权局李钟副局长、北京市知识产权局专利管理处王德道处长、北京市知识产权局专利管理处党建新副处长、首都知识产权服务业协会李强会长、北京市专利代理人协会崔晓光会长等领导出席,首都知识产权服务业机构代表参加会议。崔晓光会长宣布了2016年度北京市优秀专利代理机构、优秀专利代理人名单和首批通过《专利代理机构等级评定规范》机构名单。金杜合伙人王茂华律师代表参会并领取荣誉证书。 Continue Reading

知识产权法院成立后民事案件级别管辖问题述评

Posted in Intellectual Property

作者:孙明飞 尹吉 金杜律师事务所争议解决部

孙明飞知识产权法院成立后知识产权民事案件管辖的调整

1.知识产权民事案件相关管辖规定

2014年8月31日,第十二届全国人民代表大会常务委员会第十次会议通过了《全国人民代表大会常务委员会关于在北京、上海、广州设立知识产权法院的决定》(以下简称《决定》),决定在北京、上海、广州设立知识产权法院。该《决定》第二条规定:“知识产权法院管辖有关专利、植物新品种、集成电路布图设计、技术秘密等专业技术性较强的第一审知识产权民事和行政案件。” Continue Reading

China’s Step Forward to Personal Data Protection

Posted in compliance

By Susan Ning, Han Wu, Yangdi Zhao   King & Wood Mallesons’ Commercial & Regulatory group.

untitled

China’s national legislature on March 15, 2017 passed the General Provisions of the Civil Law (the “General Provisions”), the opening chapter of a civil code planned to be enacted in 2020.  The General Provisions were adopted at the closing meeting of the annual session of the National People’s Congress (NPC), with 2,782 of the 2,838 deputies present voting in favor.  It takes effect on Oct 1, 2017.

Article 111 of the General Provisions[1] stipulates the rules for the protection of personal data, which is believed to be one of the highlights of the General Provisions.  The protection of personal data was first included in Article 109 of the Second Draft of the General Provisions of the Civil Law (the “Second Draft”)[2] on October 31, 2016, aiming to curb the prevalent illegal collection, processing and trading of personal data in the Internet era.  Article 109 of the Second Draft provides that “[T]he personal data of individuals is protected by law.  Entities and individuals are prohibited from collecting, utilizing, processing, transmitting personal data illegally or supplying, making public or selling personal data illegally.” Continue Reading

金杜助力粤财金租成功获批在南沙自贸区筹建

Posted in Uncategorized

作者:金杜律师事务所

2017年3月20日,广东粤财投资控股有限公司(以下简称“粤财控股”)、广东明阳风电产业集团有限公司(以下简称“明阳风电”)和中国铁路通信信号股份有限公司(以下简称“中国通号”)在广州召开广东粤财金融租赁股份有限公司(以下简称“粤财金租”)创立大会。粤财控股、明阳风电和中国通号在金杜律师事务所的协助下,成功获得中国银监会批复(银监复[2016]449号),同意其在南沙自贸区筹建粤财金租,注册资本10亿元人民币。至此,粤财金租成为广东四家金融租赁公司之一。 Continue Reading

Foreign Invested Banks: Opportunity or Challenge?

Posted in Finance

By Chen Yun, Wang Rong, Liang Yixuan King & Wood Malleosns’ Finance & Capital Markets grop

chen_yunOn March 10, 2017, the General Office of the China Banking Regulatory Commission (“CBRC“) promulgated the Circular on Carrying on Certain Businesses by Foreign Invested Banks (Yin Jian Ban Fa [2017] No.12, the “Circular“), clarifying certain business areas foreign invested banks may be allowed to engage in.  In the previous regulatory regime, it is unclear whether foreign invested banks may undertake businesses in such areas.  This Circular is intended to encourage foreign invested banks to explore the advantages of their global service networks and to provide comprehensive financial services to those Chinese enterprises in their endeavors to expand their businesses globally. Continue Reading

在华外资银行的机遇来了吗?

Posted in Finance

作者:陈运 汪镕 梁宜萱 金杜律师事务所金融资本部

陈运2017年3月10日,中国银行业监督管理委员会(“银监会”)办公厅发布了《关于外资银行开展部分业务有关事项的通知》(银监办发[2017]12号,简称“《通知》”),该《通知》对于此前未能明确规定的在华外资银行是否可以开展的一些业务作出了明确的规定。《通知》旨在促进外资银行利用自身全球化综合服务优势,为“走出去”的中资企业提供综合金融服务。

主要亮点

 1.承销业务

《通知》明确,外资法人银行可依法开展国债承销业务,在银监会层面没有行政许可要求,仅需按照经营业务范围内的新产品的监管要求,向银监会进行事后报告。 Continue Reading