By Dina Yin and Vera Malesevic King & Wood Mallesons’ Mergers & Acquisitions Group MOFCOM Approval for Sino-Foreign Cooperative Petroleum Contracts in China No Longer Required Last week on May 15, 2013, China’s State Council published a decision to further eliminate certain administrative examination and approval items《国务院关于取消和下放一批行政审批项目等事项的决定》(国发(2013)19号) (the “Decision”). According to the Decision, certain items… Continue Reading
Category Archives: Corporate
Subscribe to Corporate RSS FeedChina Tax: Unveiling the International Secondment Arrangement
Posted in Corporate, Labor, Labor & Employment, TaxByTony Dong, Daisy Duan and Jiang Junlu King & Wood Mallesons Corporate Group Over the years, it has been a common practice that multinational companies (“Home Entity”) dispatch expatriate employees (“Secondees”) to the affiliated enterprise in China (“Host Entity”) to hold post as senior management or other technical position. Usually, the Home Entity and the Secondees would retain… Continue Reading
中国税收：掀开国际人员派遣安排的面纱
Posted in Corporate, Labor, Labor & Employment, Tax作者： 董刚 段桃 姜俊禄 金杜律师事务所公司组 多年以来，跨国企业（“派遣企业”）向境内企业（“接收企业”）派遣人员（“被派遣人员”）担任境内企业高管或其他技术职务的劳务安排非常普遍，通常做法是派遣企业与被派遣人员仍然保持雇佣关系并继续在境外支付工资、薪金及缴纳境外社会保险，然后由境内企业向境外派遣企业支付代垫费用的方式进行偿付。由于境内企业在申请境外支付时需要税务机关出具税务证明，税局通常会判定相关劳务派遣安排是否构成非居民企业在中国的机构、场所或依据税收协定形成常设机构而在中国产生企业所得税的纳税义务，由于过去法规多是原则性的规定，缺乏具体指引，导致税企之间多发争议，阻碍正常的对外支付行为，增加企业的税务合规风险。这一切将在今年6月1日发生重大变化。
信托实务专题之(六)：《对赌模式与股权投资类信托计划的“跨界”结合
Posted in Corporate, Dispute Resolution, PE作者：尤杨、蔺楷毅、赵之涵 金杜律师事务所争议解决组 “海富投资案”曾在PE业内引起热切关注，各方对本案的讨论直至最高人民法院于2012年末做出再审判决后方告一段落。最高人民法院最终摒弃了原二审法院机械地将PE投资认定为“名为联营，实为借贷”的观点，在肯定PE这一投资模式的基础上，综合考量项目公司、项目公司债权人、项目公司其他股东等各方权益，就对赌协议的效力做出综合判定，区别对待与项目公司对赌和与其股东对赌的效力，有条件的肯定了项目公司股东间对赌协议的合法性[1]。
Executive Summary of the Interpretation of the Supreme Court on Several Issues on the Application of Laws of Employment Disputes IV
Posted in Corporate, Dispute Resolution, Labor & EmploymentBy King & Wood Mallesons’ Healthcare Group On February 1, 2013, the Interpretation of Several Issues on the Application of Laws of Employment Disputes IV (the “Interpretation “) was promufgulated by the Supreme Court and implemented on the same day pursuant to Labor Law of People’s Republic of China, Employment Contract Law of People’s Republic… Continue Reading
《最高人民法院关于审理劳动争议案件适用法律若干问题的解释》(四)
Posted in Corporate, Dispute Resolution, Labor & Employment作者：金杜律师事务所医疗法律事务组 2013年2月1日，最高人民法院根据《中华人民共和国劳动法》，《中华人民共和国劳动合同法》，《中华人民共和国劳动争议调解仲裁法》，《中华人民共和国民事诉讼法》等相关法律规定，结合民事审判实践，就适用法律的若干问题，公布了与当日施行的《最高人民法院关于审理劳动争议案件适用 法律若干问题的解释》(四) (“解释”)，我们就该“解释”做出如 下说明与解读，供企业在处理员工问题，特别是劳动人事争议、竞业限制等问题时参考。
Executive Summary of Modification of the Employment Contract Law by the Standing Committee of National People’s Congress
Posted in Corporate, Dispute Resolution, Labor & EmploymentBy King & Wood Mallesons’ Healthcare Group On December 28, 2012, the Decision regarding the Modification of Employment Contract Law (the “Decision”) was passed by the 30th session of the Standing Committee of the 11th National People’s Congress, which will be implemented from July 1, 2013. This modification is relating to the labor dispatch part… Continue Reading
全国人大常委会修订《劳动合同法》概要
Posted in Corporate, Dispute Resolution, Labor & Employment作者：金杜律师事务所医疗法律事务组 2012年12月28日，十一届全国人大常委会第三十次会议表决 通过了《关于修改劳动合同法的决定》(“决定”)，该“决定”将 于 2013年7月1日起正式实施。此次修订是针对于《劳动合同法》 中有关于劳务派遣的相关规定，对于劳务派遣单位的经营资 质、经营劳务派遣业务的行政许可、被派遣员工与用工单位员 工的“同工同酬”、可以适用劳务派遣的“三性”岗位等内容予以细化与明确。
更多明确，减少自由裁量——对药品和医疗器械行业行政处罚拟定新规
Posted in Corporate, Healthcare作者：金杜律师事务所医疗法律事务组 2012年9月19日，国家药监局发布了《药品和医疗器械行政处罚裁量适用规则(征求意见稿)》(“征求意见稿”) 并公开征求意见。征求意见稿适用于各类药监局具有行政处罚量裁权的药品及医疗器械相关违法案件。
MORE CERTAINTY, LESS DISCRETION —— Proposed New Rules on Administrative Penalty over Drug and Medical Equipment Industry
Posted in Corporate, Healthcare, UncategorizedBy King & Wood Mallesons’s Healthcare Group On 19 September 2012, SFDA released the Rules on Imposing Administrative Penalties for Drugs and Medical Equipment (Consultative Draft) (the “Draft”) and sought feedback from the public. The Draft shall apply to all types of violation regarding drugs and medical equipments, where SFDA has discretion on imposing administrative… Continue Reading
RDPAC Code of Practice 2012
Posted in Corporate, HealthcareBy King & Wood Mallesons’s Healthcare Group Although the existing laws and regulations already establish certain rules and general principles for product promotional activities by pharmaceutical enterprises, the RDPAC Code of Practice 2012 (“RDPAC Code”) has further refined and defined the relevant requirements and standards for medical promotion and seeks to establish a bright line… Continue Reading
RDPAC药品推广行为准则(2012年修订版)
Posted in Corporate, Healthcare作者：金杜律师事务所医疗法律事务组 现行有效的法律法规虽然已对制药企业产品推广作出了规定，但是大部分的规定以定性为主。RDPAC药品推广行为准则(2012年修订版)(“《行为准则》”)进一步细化并明确了药品推广过程中的相关要求与标准，并试图建立一些明确、清晰的界限的行业规范。
Executive Summary of the Modification of the Employment Contract Law
Posted in Corporate, LaborBy King & Wood Mallesons’ Labor & Employment Group On December 28, 2012, the Decision regarding the Modification of Employment Contract Law (the “Decision”) was passed by the 30th Session of the Standing Committee of the 11th National People’s Congress, which is to take effect on July 1, 2013. This Decision amends the section in the… Continue Reading
MOFCOM Cleared Marubeni’s Acquisition of Gavilon with Conditions
Posted in Antitrust & CompetitionBy Susan Ning, Liu Jia and Hazel Yin On April 22, 2013, the Ministry of Commerce (“MOFCOM“) cleared the proposed acquisition of Gavilon Holdings, LLC (“Gavilon“) by Marubeni Corp (“Marubeni“) (the “Transaction”) with conditions. This is the second case conditionally cleared by MOFCOM in April, coming just days after the conditional clearance of Glencore/Xstrata. To… Continue Reading
MOFCOM cleared Glencore’s acquisition of Xstrata with Conditions
Posted in Antitrust & CompetitionBy Susan Ning, Huang Jing and Hazel Yin On April 16, 2013, the Ministry of Commerce (“MOFCOM“) cleared the proposed acquisition of Xstrata plc (“Xstrata“) by Glencore International plc (“Glencore“) with conditions. Both structural and behavioral remedies are involved in the conditions. The over 8,000-word decision issued by MOFCOM contains the most detailed competition analysis… Continue Reading
《劳动合同法》修订概要
Posted in Corporate, Labor作者：金杜律师事务所劳动法组 2012年12月28日，十一届全国人大常委会第三十次会议表决通过了《关于修改劳动合同法的决定》(“决定”)，该“决定”将于2013年7月1日起正式实施。此次修订是针对于《劳动合同法》中有关于劳务派遣的相关规定，对于劳务派遣单位的经营资质、经营劳务派遣业务的行政许可、被派遣员工与用工单位员工的“同工同酬”、可以适用劳务派遣的“三性”岗位等内容予以细化与明确。
Path towards A More Streamlined Merger Control System – MOFCOM Publishes Draft Rules on Merger Remedies
Posted in Antitrust & CompetitionBy Susan Ning, Pulcheria Chung, Kailun Ji and Hazel Yin To increase clarity and transparency on the merger remedy regime under the Anti-Monopoly Law (“AML“), China’s Ministry of Commerce (“MOFCOM“) published the draft Rules Regarding Imposition of Restrictive Conditions on Concentrations of Undertakings (the “Draft Rules“) on 27 March 2013 for public comments. Under the… Continue Reading
新书推荐 – 《跨国战略——中国企业境外投资法律与实务》
Posted in Corporate, FDI, M&A《跨国战略——中国企业海外投资法律与实务》是金杜律师事务所资深合伙人徐萍律师关于中国企业境外投资并购的新作。 本书从专门从事跨境并购的律师视角，以作者亲身参与的大量跨境并购的实战经验为基础，对境外投资各种形式及环节进行概括性的介绍。境外投资由于涉及的地域、行业和交易形式各异，所涉及问题千差万别，难以一概而论。本书旨在阐述和提示境外投资并购一些常见的法律和商务风险，并提出应对之策。本书内容丰富，详细介绍了中国企业“走出去”的方方面面可能遇到的问题，具有很强的实用性和针对性，是作者跨境并购法律服务经验和智慧的结晶，也同时体现了金杜处理并购领域复杂交易的综合实力。
信托实务专题之(五)：公证债权文书的“牢笼”—— 结合安信信托与昆山纯高案浅析公证债权文书的可诉性
Posted in Corporate, Dispute Resolution, Finance作者：尤杨、蔺楷毅、赵之涵 金杜律师事务所争议解决组 近期，安信信托投资股份有限公司（下称“安信信托”）与昆山纯高投资开发有限公司（下称“昆山纯高”）金融借款合同纠纷案（下称“本案”）引起了业内的广泛关注。在本案中，双方当事人就信托合同的效力、收益权的性质等问题进行了深入的探讨，相信本案的审理结果势必会为各信托公司在未来设立信托计划时提供警示和参考。
MOFCOM On the Track to Adopt a Simplified Merger Review Mechanism by Publishing Standards of Simple Merger Cases
Posted in Antitrust & CompetitionBy Susan Ning, Huang Jing and Hazel Yin On April 3, 2013, the Ministry of Commerce (MOFCOM) published the draft Interim Rules regarding the Standards of Simple Cases of Concentrations of Operators (Draft Standards), to solicit comments from the public. The Draft Standards set out the factors that MOFCOM would consider when identifying if a… Continue Reading
The promotion of private healthcare services- A Challenge or an opportunity?
Posted in Corporate, HealthcareBy Kalley Chen King & Wood Mallesons’ Securities Group To address China’s aging population issue as well as its need to improve access to healthcare in rural areas, healthcare reform has become a priority for the Chinese government. A key mechanism to improve access is through the promotion of private healthcare. While current exit restrictions… Continue Reading
大力发展私营医疗服务：挑战还是机会？
Posted in Corporate, Healthcare作者：陈慧 金杜律师事务所证券组 为了解决中国人口老龄化问题，同时改善农村地区医疗水平，医疗改革已经成为中国政府优先关注的问题。 发展私营医疗产业是提升医疗水平的一个主要机制。虽然私营医疗机构目前存在退出限制，但是政府近期颁布的一系列新政，使得医疗健康领域的投资更加开放，显示了中国在提升医疗服务水平方面的进展。这些政策很可能促进更多的私募投资机会，特别是私营医疗服务领域。
Chinese Consumer Wins Abuse of Dominance Civil Action against Tie-in Sales in Program Bundling
Posted in Antitrust & CompetitionBy Susan Ning, Li Rui and Hazel Yin On January 5th, 2013, the Xi’an Intermediate People’s Court (the “Court”) ruled in favor of a consumer who sued Shanxi Broadcast & TV Network Intermediary (Group) Co., Ltd. (“Network”), the local cable service provider, for tie-in and imposing unreasonable sales conditions by tying basic cable services with… Continue Reading
Burden of Proof in Monopolistic Agreement Claims
Posted in Antitrust & CompetitionBy Susan Ning, Kate Peng, Pulcheria Chung and Karen Ji China’s Supreme People’s Court (“SPC”) issued its Provisions on Several Issues concerning the Application of Law in the Trial of Civil Dispute Cases Arising from Monopolistic Conduct (“SPC rules”) on May 3, 2012, effective on June 1, 2012. Article 7 of the SPC rules differentiates… Continue Reading