July 2019

2018年6月28日，本公众号曾发表《资管新规：司法的监管化趋势对资管纠纷裁判的影响》（下称“《影响》”）一文。一年来，最高院、上海高院颁布了多份文件进一步强调在合同效力判断和民事责任认定上对监管规定的尊重和适用，最高院和上海金融法院也作出了多份与此精神一致的判决，本文将结合这些新的变化继续探讨这一重要问题。…
Continue Reading 再论司法裁判与监管标准之趋同

近期，一份惩治非法出售发票罪的刑事判决引起了广泛的讨论。该案的基本案情可大致概括如下：有不法分子从餐厅的工作人员处购买了餐饮发票，并且伪造配套的POS机单据、消费水单等消费凭据，从而为一些公司的员工进行虚假报销。但舆论的关注点似乎更集中于判决书中提及了医药公司的前员工作为证人，似乎暗示医药公司的合规存在不足。…
Continue Reading 从“发票案”说起——就虚假报销的合规调查所面临的挑战和建议

On 30 June 2019, the National Development and Reform Commission (“NDRC”) and the Ministry of Commerce (“MOFCOM”) jointly issued the Special Administrative Measures (Negative List) for Foreign Investment Access (2019 Edition) (“2019 Negative List”), the Special Administrative Measures (Negative List) for Foreign Investment Access in Pilot Free Trade Zones (2019 Edition) (“2019 FTZ Negative List”) and the Catalogue of Encouraged Industries for Foreign Investment (2019 Edition) (“2019 Encouraged Catalogue”) for the purposes of further promoting the reform and opening-up of the service industry, relaxing the restrictions on the access to the mining, agricultural and manufacturing industries, and continuing to facilitate Free Trade Zones’ role of the opening-up test field . These new policies will take effect on and from 30 July 2019.
Continue Reading Foreign Investment in China CBM Industry – Restrictions Removed

今天，科创板正式登陆上交所，相关知识产权服务和法律问题更加凸显。今年1月30日证监会发布了《关于在上海证券交易所设立科创板并试点注册制的实施意见》，该实施意见强调，在上交所新设科创板，坚持面向世界科技前沿、面向经济主战场、面向国家重大需求，主要服务于符合国家战略、突破关键核心技术、市场认可度高的科技创新企业。…
Continue Reading 知识产权在科创板公司并购中的意义

In order to put the European restrictions into perspective, the last section is dedicated to FDI in UAE showing that, despite recent tightening of controls, the European Union still has a relatively open investment environment compared to some other jurisdictions that also benefit from FDI.
Continue Reading Winds of change in foreign direct investment control in Europe and the Middle East (9) -UAE

为全面看待欧洲对外商直接投资的限制，本系列最后一部分专门分析阿拉伯联合酋长国的外商直接投资情况。阿联酋的情况显示，尽管欧盟近期监管收紧，但与其他同样受益于外商直接投资的司法管辖区相比，欧盟仍然保持着相对开放的投资环境。…
Continue Reading 欧洲及中东地区外商直接投资监管新动向（九）——阿联酋

Status of foreign direct investment control law in Belgium

Belgium does not have a specific legislative framework for controlling foreign direct investments. Far from being problematic, this absence of state control over foreign direct investments promotes Belgium to 21st place worldwide based on the FDI Index. This ranking is explained in the context of strong economic recovery as well as key advantages highlighted by foreign investors (such as the proximity of numerous international institutions, connectivity to the rest of Europe and a productive and educated workforce).
Continue Reading Winds of change in foreign direct investment control in Europe and the Middle East (8) -Belgium

比利时外商直接投资监管法律现状

比利时没有专门管控外商直接投资的法律框架。缺少政府管控，不仅未对外商直接投资造成问题，反而将比利时的全球外商直接投资指数排名推升至第21位。这一排名还得益于该国经济强劲复苏并具备外国投资者青睐的关键优势（如众多国际机构设在比利时，与欧洲其他地区连通便捷，以及拥有极具生产力、受过良好教育的劳动力）。
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Continue Reading 欧洲及中东地区外商直接投资监管新动向（八）——比利时