By Helena Chen and Charles Law, King & Wood’s Cross-Strait Research Group

Since the beginning of Ma’s leadership in Taiwan in May 2008, cross-strait relations have grown considerably closer. For example, the First Cheng-Chiang Summit in June 2008 expanded direct passenger flights and facilitated mainland residents’ travels to Taiwan. The Second Cheng-Chiang Summit in November 2008 explored issues relating to air transportation, shipping links, direct mail services, and food safety. In addition to establishing a consensus on jointly promoting PRC investment in Taiwan, the Third Cheng-Chiang Summit in April 2009 gave way to three agreements: Agreement on Joint Cross-Strait Crime-fighting and Mutual Judicial Assistance, Cross-Strait Financial Cooperation Agreement, andSupplementary Agreement on Cross-Strait Air Transport. As a result, Taiwan began amending and implementing laws and regulations concerning mainland investment in Taiwan.Continue Reading Mainland Investment in Taiwan: Who Is the First to Take Advantage of Economic Deregulation?

汪蕊黄大纲邱少林   金杜知识产权

一、引言

随着国内网络游戏市场的迅速扩大,中国已成为国内外网络游戏开发商(特别是大型角色扮演类网络游戏(MMORPG) 开发商)淘金的乐土。2009年,有35款“进口网络游戏”(1)获准在中国发布运营,其营业收入占到我国当年网络游戏产业销售总收入的38.8%,高达258亿元人民币。(2)Continue Reading 外国网络游戏开发商进入中国面临的考验

By Wang Rui, Qiu Shaolin, and Duncan Hwang, King & Wood’s IP Practice

With the rapid growth of China’s online video gaming market, China has become a particularly appealing target market for both Chinese and foreign online game developers, particularly those developing Massively Multiplayer Online Role-Playing Games (MMORPG). In 2009, 35 imported online games obtained approval for release in China, and imported games have accounted for 38.8% of China’s CNY 25.8 billion online gaming industry.Continue Reading Issues Foreign Video Game Developers Face in Introducing Online Games to the Chinese Market

By Mark Schaub, Partner, Corporate, King & Wood Shanghai

Most companies engaging in a China project will likely need support from external consultants. This final section highlights the remaining members of the China deal team, including translators, accountants, and outside counsel.

Continue Reading China M&A: Assembling an Effective Team for a China Transaction Part III

By Mark Schaub, Partner, Corporate, King & Wood Shanghai

Most companies engaging in a China project will likely need support from external consultants. However, selecting the external team is often more difficult than assembling the internal team — who do you need? How do you find good ones? And what role should they play? This portion highlights the infamous China consultant. What kind of role do they play and do you actually need them?Continue Reading China M&A: Assembling an Effective Team for a China Transaction Part II

By Mark Schaub, Partner, Corporate, King & Wood Shanghai

See also: King & Woods Tax Practice.

On February 20, 2010, the State Administration of Taxation (SAT) issued the “Measures for the Administration of Taxation on Representative Offices of Foreign Enterprises” (Guo Shui Fa [2010] No. 18) (the “Rep Office Tax Measures”) to reform the taxation rules applicable to representative offices of foreign enterprises in China (“Rep Office”). The Rep Office Tax Measures, which are retroactively effective from January 1, 2010, revise existing Rep Office taxation rules inter alia by abolishing previous tax exemptions and increasing the minimum deemed profit rate. Prior to effectiveness of the Rep Office Tax Measures, Rep Offices were taxed in one of three ways, (i) based on their actual profits (“Actual Profit Method”), (ii) based on their “deemed profits” (“Deemed Profit Method”) or (iii) not subject to tax (“Tax Exemption”) when certain criteria were met. The major changes brought about by the Rep Office Tax Measures include:
 Continue Reading China imposes tougher tax rules and administrative restrictions on Representative Offices

肖马克(合伙人)    金杜公司组               上海分所

每一家跨国公司都需要制定一个中国业务发展战略。中国经济在全球金融危机冲击下的坚韧表现使其对海外投资者愈发具有吸引力。不过问题是,投资公司应如何就个案项目中的潜在风险和机会做出真实的评估呢?Continue Reading 尽职调查:交易杀手还是交易救主?

By Mark Schaub, Partner, Corporate, King & Wood Shanghai

Every multinational company needs a China strategy. The country’s resilient economic
performance during the global downturn has made it even more attractive to some overseas
investors, but how should such companies arrive at a realistic appraisal of the potential
risks and opportunities of a specific deal?Continue Reading Due diligence: deal killer or deal saver?

By Ariel Ye and James Rowland, King & Wood’s Cross Border Litigation & Arbitration Group

Many foreign business operators report that they are concerned about the risks associated with entertaining their business partners in China, even when providing meals or offering to pay for travel and accommodation costs of a low value.
 Continue Reading Offering Gifts of Travel and Entertainment in China – What if the Recipient is a State Functionary