April 2018

作者：韩旸 王唯宁 金杜律师事务所争议解决部

2018年3月20日，《中华人民共和国监察法》（以下简称“监察法”）正式公布并实施。3月23日，国家监察委员会在北京揭牌，全国各级监察委员会均已完成组建。这也意味着中国特色的国家监察体制已初步确立，党和国家的反腐败工作正式迈入“监察法时代”。
Continue Reading 监察法1.0时代，刑事律师可以这样做

作者：何未 宋彦妍 金杜律师事务所公司业务和证券业务部

【近年来监管层已放宽了现金作为支付方式的重大资产重组审批及信息披露要求，从而大大便利了上市公司直接参与和主导跨境并购交易。但上市公司以股份作为支付对价仍面临跨境换股的诸多限制，有待立法层面的突破】
Continue Reading 聚焦上市公司跨境并购的监管现状及展望

BY Wu Qing King & Wood Mallesons’ Commercial & Regulatory group
King & Wood Mallesons (“KWM”) is the exclusive partner firm of Thomson Reuters in PRC for its environmental law section. KWM has been a contributor to the “Environmental law and practice in China: overview” (the “Q&A Guide”) for three consecutive years (2016/17/18). The Q&A Guide is a specialized guide to China’s environmental law. It provides a high level overview of environmental law in China and looks at key practical issues including emissions to air and water, environmental impact assessments, solid and hazardous waste, contaminated land, and environmental issues in transactions. KWM provides updated insights for the Q&A Guide every year based on the latest environmental law and regulatory trends. The most recent edition of Q&A Guide 2017/2018 will be forwarded on “KWM Institute”(KWM_China), KWM’s official WeChat account, periodically as special session, providing companies with a complete guide to the legal system and practice of environmental law in China. 

Continue Reading Q&A：Waste

作者：李辉 赵林琳 马明月 黄海鸣 金杜律师事务所知识产权部
2015年10月和11月，搜狗基于其所拥有的输入法领域专利向北京知识产权法院、上海知识产权法院和上海高级人民法院，发起了专利侵权之诉，指控百度旗下的“百度输入法”产品侵犯了其17项专利权，诉讼总标的额高达2.6亿元。由于该系列案件引起行业和公众的广泛关注，被媒体冠之以“中国互联网专利第一案”。
2018年4月4日北京知识产权法院对6件搜狗诉百度系列专利侵权案件作出一审判决。这意味着，搜狗与百度专利大战初局已定：专利无效程序中，搜狗17个涉诉专利中7专利被全部无效，4专利被判部分无效；在民事侵权诉讼程序中，搜狗被迫撤诉10件，一审法院判定4案件不侵权。

Continue Reading 深度思考“中国互联网专利第一案”——搜狗百度输入法专利大战
BY Duan Tao (Daisy) Cao Linlin King & Wood Mallesons’ Commercial & Regulatory group
This article was firstly published by China Law and Practice, Q1 2018.
On December 21, 2017, the Ministry of Finance, the State Administration of Taxation (SAT), the National Development and Reform Commission and the Ministry of Commerce jointly issued tax circular Cai Shui [2017] No. 88, Circular on Policy Issues Concerning Provisionally Not Levying Withholding Income Tax on Direct Investments by Foreign Investors Made Using Distributed Profits (关于境外投资者以分配利润直接投资暂不征收预提所得税政策问题的通知, Circular 88), which provides a temporary waiver of enterprise income tax (EIT, usually at 10%, unless a preferential tax rate applies under a double tax treaty or arrangement) for non-tax-resident enterprises (i.e. overseas investors) that make direct investments in an encouraged industry with profits distributed by a tax-resident enterprise in the PRC (Tax Deferral), if certain conditions are met. Subsequently, on January 2, 2018, the SAT issued the SAT Announcement [2018] No.3, Announcement on Issues Relevant to the Implementation of the Policy of Provisionally Not Levying Withholding Income Tax on Direct Investments Made by Foreign Investors Using Distributed Profits (关于境外投资者以分配利润直接投资暂不征收预提所得税政策有关执行问题的公告, Announcement 3) in order to provide further guidance in this regard.Both Circular 88 and Announcement 3 have a retrospective effect from January 1, 2017, which means that the Tax Deferral applies to dividends or profit distributions derived by overseas investors from their equity investments in the PRC on and after January 1, 2017. 

Continue Reading New tax incentive for overseas investors investing in the PRC

作者：段桃 曹琳琳 金杜律师事务所商务合规部

本文原文为英文；首次于2018年3月发表在《中国法律与实践》杂志。

2017年12月21日，财政部、税务总局、国家发展改革委、商务部联合发布了《关于境外投资者以分配利润直接投资暂不征收预提所得税政策问题的通知》（财税〔2017〕88号，下称“88号文”），对非居民企业（即境外投资者）以中国境内居民企业分配的利润，直接投资于鼓励类投资项目，凡符合规定条件的，实行递延纳税政策（下称“递延纳税”），暂不征收企业所得税（通常情况下适用10%的企业所得税，除非适用税收协定或安排的优惠税率）。随后，税务总局于2018年1月2日发布了《关于境外投资者以分配利润直接投资暂不征收预提所得税政策有关执行问题的公告》（国家税务总局公告2018年第3号，下称“3号公告”），以便就此项优惠提供进一步指引。88号文和3号公告均追溯至2017年1月1日起生效，这意味着境外投资者在2017年1月1日及以后在中国境内取得的股息、红利等权益性投资收益均有机会适用递延纳税。 

Continue Reading 境外投资者投资中国税收激励新政策

作者：聂卫东 张涵钰 金杜律师事务所公司业务部

“金杜遇见独角兽”是我们新近推出的专栏，将定期发布跟“独角兽”相关的各种专业、前沿的观点述评与行业观察。继上期推出“网络游戏热点法律问题系列问答”后，本期我们推出“独角兽捕手修炼手册”——高度浓缩投资过程中的真正风险点，以及如何把握那些来之不易的投资机会。我们将全部采用清单形式，严格限制清单条数和字数，希望让你在最短时间内有最大收获。
Continue Reading 金杜遇见独角兽丨把钱拍在桌子上的过桥贷款

作者：吴晔  谭蓝蔚 金杜律师事务所公司业务部
在上篇中，我们从资金要素方面对粤港澳大湾区的代表性政策与措施进行了介绍和分析，本下篇中我们将继续从人员和信息要素两方面展开解读。 

Continue Reading 金杜大湾区主题月丨“智造”粤港澳大湾区——创新型大湾区三要素解析（下篇）

作者： 牟蓬  王宁远  金杜律师事务所证券业务部

民办教育行业海外上市的风潮方兴未艾。据网上登载的一则统计，截至2017年底，已有18家民办教育行业的中概股于香港和美国上市，市值已达3013亿元。从早年的新东方和海亮教育，到近期新华教育、博实乐教育、中教控股、成实外教育、睿见教育、宇华教育、新高教等的上市案例来看，VIE架构仍然是民办教育发行人用以实现海外上市的普遍选择。

Continue Reading 民办教育VIE特别攻略

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

With the proliferation of personal data protection legislation in different jurisdictions, the conflict between enterprises’ commercial behaviors and personal data protection are widely concerned by the law enforcement authorities around the world. Facebook, for example, with a recent spate of being punished for excessively collecting user’s personal data by using cookies and leaking data concerned over 50 million users, the superstar of open social platforms has suffered a severe losses on its stock market and reputation.
Continue Reading Data Compliance Series 1 — Reflections on the Facebook Incident