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Category Archives: Foreign Investment

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一带一路:印度光伏产业投资的新契机

Posted in Corporate, Foreign Investment

作者:熊进 金怡 胡海盼 金杜律师事务所公司证券部

背景:可再生能源的发展

印度至今仍然是煤炭生产(全球第三)及消费(进口量全球第一)大国,煤炭消耗在本国能源的近60%,在能源结构及供需平衡上,面临着极大的挑战。

自1970起,印度逐渐意识到可再生能源的重要性,并通过MNRE(即Ministry of New and Renewable Energy,印度新能源和可再生能源部)大力推进可再生能源行业的发展。… More…/更多

China Cross-border Ecomm: Intentions Become Clearer

Posted in Corporate, Foreign Investment

By Mark Schaub and Chen Bing King & Wood Mallesons’ Corporate & Securities group.

Many international companies that have seen sales of product rocket via Chinese ecommerce celebrated the March 17 Announcement by MOFCOM (i.e. a press release regarding the supervision of products imported through cross-border ecommerce (“CBEC Products”) during and after the extended grace period) as a signal that the good times will continue to roll. As stated in our previous article[1] we had concerns that many were reading too much into the March 17 Announcement and in pa… More…/更多

赴俄投资?先看看尤科斯和世能两个大案带来的启示吧

Posted in Corporate, Foreign Investment

作者:田文静 张琛 徐越 金杜律师事务所公司证券部

国家统计局数据显示,中国2015 年对俄罗斯直接投资流量29.61 亿美元,同比增长367.3%。截至2015年末,中国在俄直接投资存量为140.20亿美元,位列所有64个“一带一路”国家第二位。在国家推进“一带一路”建设工作领导小组办公室指导编撰的《“一带一路”大数据报告(2016)》中,俄罗斯更是在国别合作度指数综合评比中位列所… More…/更多

从近期中国企业境外并购案例看反向分手费市场趋势

Posted in Corporate, Foreign Investment

作者:熊进 罗海 金杜律师事务所公司证券部

在对美国资产的收购中,中国投资者愿意就不能获得CFIUS的批准导致交易无法完成而向卖方支付赔偿,这是一个非常重大的交易趋势,而且会对其他市场上的类似交易产生影响,值得中国企业充分关注。

2015年,中国企业的境外投资达到了创纪录的1180亿美元(商务部数据),同比增长14.7%。进入2016年,中国境外投资不断持续升温,若干… More…/更多

Farewell to the Era of Case-by-Case Foreign Investment Approvals

Posted in Foreign Investment

By Wu Ye King & Wood Mallesons’ Shenzhen office.

It is understandable that the Standing Committee of the National People’s Congress (“NPC”) chose to issue its Decision to Revise the Wholly Foreign-owned Enterprises Law (“Decision”) on September 3, 2016. It has been more than 18 months since the Foreign Investment Law of the People’s Republic of China (“Draft for Public Comment”) was publicized, and shortly the trial implementation of pre-establishment national treatment and the negative list approach for foreign investment in four Free Trade Zo… More…/更多

揭开俄罗斯主权担保制度的面纱

Posted in Foreign Investment

作者:田文静 高振坤 徐越 马轲 金杜律师事务所公司证券部

期多家中外媒体报道,中国已同意为俄罗斯莫斯科-喀山高铁项目提供4000亿卢布(约400亿人民币)的贷款,并同意俄罗斯政府不提供主权担保。新闻刷屏的背后,相信对于莫斯科-喀山高铁这一中俄超大型合作项目,中方接受俄罗斯政府不提供主权担保的背后一定有其他替代性的措施保证中方贷款人、投资人的利益。本… More…/更多

Administrative Law on Overseas NGOs: A Survival Guide for Overseas NGOs in China SHORT TITLE

Posted in Corporate, Foreign Investment

By Rui Wang , Yibo Ge and Jun Zhang King & Wood Mallesons’ Corporate & Securities Group

On April 28, 2016, the PRC Administrative Law on Overseas NGOs’ Activities within China (《中华人民共和国非政府组织境内活动管理法》) (“Overseas NGOs Law”) was passed through the 20th meeting of the Standing Committee of the 12th National People’s Congress. The Overseas NGOs Law will take effect on January 1, 2017. It is the first time that China has legislated on the administration, supervision and service assurance of overseas NGOs’ activi… More…/更多

国家发改委进一步简化境外投资监管流程 —— “路条”制度面临重大修改

Posted in Foreign Investment

作者:熊进 王开定 黄梦婷 孙一力 金杜律师事务所公司证券部

2016年4月13日,国家发展和改革委员会(“国家发改委”)外资司在国家发改委网站上发布针对2014年4月《境外投资项目核准和备案管理办法》(“9号令”)的修改征求意见稿(“征求意见稿”),正式公开征求公众意见。征询意见的截止日期为今年5月13日,预计国家发改委会在近期公布修订后的管理办法。

相关的修改… More…/更多

中国企业境外投资热点——收购困境资产解读

Posted in Foreign Investment

作者:徐萍 金杜律师事务所公司证券部

从境外破产或濒临破产的企业手中收购困境资产(distressed assets)已成为近几年中国企业境外投资的热点。尤其是自2007年全球经济危机以及之后爆发的欧债危机以来,欧美大量企业面临业绩大幅下滑、财务陷入危机甚至濒临破产。这为中国企业提供了跨境并购的良好契机,以低廉的价格收购财务困境资产或企业。

一般而言,在债务人不能偿… More…/更多

QDIE通道的优势及问题

Posted in Foreign Investment

作者:程雪立 卓海 金杜律师事务所金融资本部

自深圳市人民政府办公厅于2014年12月8日转发《关于开展合格境内投资者境外投资试点工作的暂行办法》(“QDIE试点办法”)至今,深圳已从国家外汇管理局获得两批共25亿美元的境外投资额度,已有约40余家机构获得了境外投资基金管理企业(“QDIE管理人”)试点资格。

基于我们代表一些机构通过QDIE通道进行境外投资的经验,我们… More…/更多

New, more permissive rules for foreign-invested banks in the PRC

Posted in Foreign Investment

By Gao Chunkai Tang Siyu King&Wood Mallesons’ Foreign Investment Group

Introduction

The China Banking Regulatory Commission (CBRC) has released a new version of the “Rules for the Implementation of the Administrative Regulations of the People’s Republic of China on Foreign-invested Banks” (“Implementing Rules”), which will take effect on 1 September 2015.

The new Implementing Rules will complement newly revised versions of the Regulations of the People’s Republic of China on the Administration of Foreign-invested Banks and the CBRC’s Rules for th… More…/更多

Highlights of the Foreign NGO Management Law (Second Draft)

Posted in Foreign Investment

By Huang Jianwen King & Wood Mallesons’ Investment Group

Although China has experienced rapid growth in the numbers of foreign non-governmental organizations (“NGOs”) carrying out activities within its borders in the past 10 years, foreign NGOs have remained loosely and ambiguously regulated in China. For example, as for the establishment of representative offices by foreign NGOs in China, currently only the Regulation for the Administration of Foundations provides the legal basis for foreign foundations to establish representative offices in China. There are no … More…/更多

境外NGO在中国将有法可依

Posted in Foreign Investment

作者:黄建雯 金杜律师事务所投资

过去十年间,在中国境内开展活动的境外非政府组织在数量上迅速增加,但是中国法律法规对此的规范和管理一直较为松散和模糊。例如,关于境外非政府组织在中国设立办事机构,目前只有《基金会管理条例》为合法成立的境外基金会提供了依法在中国设立境外基金会境内代表机构的依据。而基金会以外的其他境外非政府组织在中国设立… More…/更多

The E.U.—China bilateral investment treaty

Posted in Foreign Investment

By Ramón García-Gallardo, Xiao Jin, King & Wood Mallesons

More than five years after the United States (“U.S.”) and China agreed to start negotiations of a bilateral investment treaty (“BIT”), the launch of the negotiations between the European Union (“E.U.”) and China towards a BIT was announced at the Sixteenth China-E.U. Summit held in Beijing on 21 November 2013.… More…/更多

欧盟——中国双边投资协定

Posted in Foreign Investment

作者:Ramón García-Gallardo 肖瑾  金杜律师事务所

在美国和中国同意启动双边贸易协定谈判超过五年后,2013年11月21日,在北京举办的第十六届中欧峰会上也宣布启动欧盟和中国的双边贸易协定的谈判。

为什么欧盟和中国需要双边贸易协定

尽管欧盟和中国之间商品与服务的贸易价值每日超过十亿欧元,双方之间的投资在过去二十年增长迅速,但仍显示具有潜力。欧洲境外投资投向中… More…/更多

The Dawn of Private Educational & Training Institutions

Posted in Foreign Investment

By Sidney Qin King & Wood Mallesons’ FDI Group

Deloitte predicts the private education sector will reach a market size of RMB640bn (US$102bn) by 2015. This growth is likely a response to rising income levels, which fosters the demand for high-quality private education. In 2013, China relaxed its decades-long one-child policy, allowing couples to have two children if one of the parents is an only child, which greatly bolsters the potential demand for private education like pre-school education and after-school tutoring. Up to now, education has been a valuable hot land of inve… More…/更多

自贸区给游戏公司带来一线希望

Posted in Foreign Investment

作者:肖马克 洪家伟 金杜律师事务所外商投资

众多媒体对上海自贸区的关注都集中于银行业的自由化和人民币国际化。

然而,本文的笔者们认为在短中期内利基市场中存在更大的机遇。而其中的机遇之一就是针对类似索尼、微软和任天堂之类的游戏及生产厂家的。

自2000年起,中国已经禁止游戏机行业。2000年发布了PS2模拟机。2000年,中国禁止游戏机的制造和销售,因为政府… More…/更多

Start Up Nation meets Buy Up Nation: How Israel can Play a Major Role in Making China an Innovation Giant

Posted in Foreign Investment

By Mark Schaub and Ray Black King & Wood Mallesons’ FDI Group

More than any other country,China has greatly benefitted from globalization. In the last 25 years China has risen to become the world’s workshop and a manufacturing giant.

However, there has been a small country that has undergone its own transformation in recent decades. Israel, a country in a “challenging” neighbourhood with a very limited domestic market, has become a technology innovation powerhouse. Indeed Google Chairman Eric Schmidt considers that “Israel has the most important high-tech centre i… More…/更多

马来西亚房地产投资制度简介

Posted in Foreign Investment, Mergers & Acquisitions

作者:杨萍、李嫣 金杜律师事务所并购

为吸引世界各国的人移民马来西亚进行投资,马来西亚政府设立了第二家园计划(Malaysia My Second Home Programme),自该项目实施以来,以其较低的投资门槛、较简易的申请程序和较优惠的养老待遇吸引了大批国外人士到马定居,为马来西亚吸引境外投资开辟了一条蹊径。与此同时,近两年来,以碧桂园、富力地产为代表的一些领先房地产企业… More…/更多

缅甸水电项目投资法律环境介绍

Posted in Foreign Investment, Mergers & Acquisitions

作者:方榕 刘思彤 金杜律师事务所并购

缅甸水利资源丰富,伊洛瓦底江、钦敦江及萨尔温江三大水系贯穿南北,投资缅甸水电项目是中国企业参与大湄公河次区域经济合作的重要方式。据统计,截至2012年,缅甸在建水电项目共有62个,其中缅甸电力行业监管部门电力一部在建12个,与缅甸企业合作建设6个,与外国企业合作建设44个,外国企业成为缅甸水电项目的主要参与者。… More…/更多

Free Trade Zone has Silver Lining for Gaming Companies

Posted in Corporate, Foreign Investment

By Mark Schaub and David Hong  King & Wood Mallesons’ Foreign Investment Group

Most media attention in relation to Shanghai’s Free Trade Zone (FTZ) has been in relation to banking sector liberalization and RMB internationalization.

However, personally the writers have felt that some of the greater opportunities in the short to mid- term would be in comparative niches. One such niche is a distinct opportunity for game console manufacturers such as Sony, Microsoft and Nintendo.… More…/更多

兔子的喜讯 —— 中国将逐步取消化妆品强制动物试验

Posted in Foreign Investment

作者: 肖马克  洪家伟 金杜律师事务所外商投资

在中国大城市几乎看不到商场不能满足急切购物者的情形——旗舰店、明亮的灯光、长队……但是,在中国的老外却很难买到一些特定的商品——因为没有Body Shop——也无法买到Lush生产的古怪肥皂……

在中国市场上无法看到许多品牌的原因是一些化妆品和身体护理产品的公司政策反对动物试验。直至今日,中国仍要求对化妆品和… More…/更多

Rabbits Rejoice – End of PRC Animal Testing Requirements Nears

Posted in Foreign Investment

By Mark Schaub and David Hong   King & Wood Mallesons’ FDI Group

There is little that China’s big cities’ retail scene cannot offer the eager shopper – flagship stores, bright lights, long lines … However, the long term China expat will still often miss specific items – the lack of a Body Shop … the quirky soaps manufactured by Lush … … More…/更多

Arbitration as A Tool to Manage Political Risk in Foreign Investment

Posted in Dispute Resolution, Foreign Investment

By Monique Carroll, Huang Tao King & Wood Mallesons’ Dispute Resolution Group

‘Political risk’ in foreign investment is the risk that an investment will be adversely affected by a host country’s political or regulatory decisions. These political or regulatory decisions might result in unfavorable tax legislation, revocation of a business license or, nationalization or ‘expropriation’ of an investment by, for example, the direct or indirect taking of control over the investment by the government. For instance, earlier this year th… More…/更多