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By Sam Farrands, Tao Zhangqi, Zhao Xianlong, Lin Jia and Deng Yong King & Wood Mallesons

The most significant Belt & Road Project, the Greater Bay Area Initiative is the central government’s plan to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic hub.  The current population of the Greater Bar Area is approximately 68 million people with a combined GDP of over US$1.3 trillion.  By 2030 it is forecast to grow to 86 million, with GDP expected to exceed US$4.6 trillion.
Continue Reading The Next Opportunity in the Greater Bay Area

作者：Sam Farrands 陶章启 赵显龙 林嘉 邓咏 金杜律师事务所

大湾区发展计划是“一带一路”项目重要的一环，亦是中央政府连接香港、澳门、广州、深圳、珠海、佛山、中山、东莞、惠州、江门和肇庆九大城市，打造一体化的经济枢纽的计划。大湾区目前人口约6,800万人，国内生产总值共计超过1.3万亿美元。预计到了2030年，其人口将增至8,600万人，而国内生产总值预计将超过4.6万亿美元。
Continue Reading 社会基础设施——大湾区的下一个机遇

作者：Stuart Dixon-Smith 和Mark Bayliss 金杜律师事务所悉尼办公室

在澳大利亚房地产投资领域，向当地银行贷款仍然是主要资金来源，但近几年来，投资者的资金来源日趋多样化，如夹层融资、向外资银行（如新加坡和日本的银行）贷款等方式。

鉴于银行愿意接受的杠杆率保持不变或继续下降，而就住宅开发而言，预售比例需要在现有基础上保持或继续提高，由此我们预计，在澳大利亚房地产交易中，使用夹层融资和海外融资的情形将会增加。
Continue Reading 投资澳大利亚房地产：融资选择

This article was written by Monique Carroll with the assistance of Philippa Robinson.

As foreshadowed in our article Staying Ahead of the Curve on Anti-Bribery and Corruption in Australia, the Australian Government has now introduced the Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2017 (Cth) (“Bill”) into parliament which clarifies and increases the scope of conduct caught by foreign bribery offences and introduces a scheme encouraging self-reporting of breaches. 
Continue Reading Australia tightens the belt on foreign bribery and corruption

By Meg Utterback, Daisy Mallett, Holly Blackwell, James McKenzie, Josephine Lao, and Ma Xiao King & Wood Mallesons

China has been at the forefront of a number of recent developments in the dispute resolution space. One notable development is the announcement by the China International Economic and Trade Arbitration Commission (CIETAC) of its new rules governing the arbitration of international investment disputes (Rules) and the CIETAC Investment Dispute Resolution Centre in Beijing (CIETAC IDRC), the default centre to administer those Rules. According to CIETAC’s Secretary-General, the Rules seek to “fill the gap” in the area of Chinese international investment arbitration and develop and promote the international investment arbitration practice in China[1].
Continue Reading CIETAC Investment Arbitration Rules

作者：Meg Utterback, Daisy Mallett, Holly Blackwell, James McKenzie, Josephine Lao, and Ma Xiao. 金杜律师事务所

近年来，中国推出了一系列针对投资争端解决领域的改革方案。中国国际贸易仲裁委员会（“贸仲委”）近期出台的《中国国际贸易仲裁委员会——国际投资争端仲裁规则》（“《投资仲裁规则》”）以及在北京设立的规则默认仲裁中心——贸仲委投资争端解决中心便是最新亮点。贸仲委秘书长王承杰指出，该规则填补了中国商业投资仲裁规则领域的空白，以求发展和推动中国国际投资仲裁的实践[1]。
Continue Reading 中国贸仲委出台《投资仲裁规则》——为中国投资条约争端领域填补空白

By Rudolf Haas and Urszula McCormack King & Wood Mallesons’

The growing number of token sales or “Initial Coin Offerings” (ICOs) has prompted the German Federal Financial Supervisory Authority (BaFin) to issue a “consumer warning” on November 9, 2017. BaFin also elaborated on its position in the November edition of its monthly “BaFin-Journal”, published on November 15. In a separate, but almost contemporaneous publication, the European Securities and Markets Authority (ESMA) also took a stance.

Overall, these were balanced statements that signalled a strong “buyer beware” message, but also implied a certain level of tolerance for properly issued ICOs. The regulators made clear that their approach is a careful case-by-case analysis.
Continue Reading German BaFin and ESMA clarify their stance on ICOs

By Edmund Wan and Alex Ma  King & Wood Mallesons’ Hong Kong office.

The 21st century can arguably be described as an era of collaboration and cooperation.  A tear-down of a smartphone or personal computer for example would reveal that its components are sourced and manufactured in multiple countries. These parts are then assembled into the final product and sold worldwide. This is international business at its absolute finest. 
Continue Reading Singapore Arb-Med-Arb clause – A viable alternative?

By Trish Henry, Melissa Monks and James Gould King & Wood Mallesons’ Sydney office

After four years of consultation and debate, some of the most significant reforms to Australia’s competition laws have come into effect on 6 November.

The reforms, introduced by the Competition and Consumer Amendment (Competition Policy Review) Act 2017 and the inter-related Competition and Consumer Amendment (Misuse of Market Power) Act 2017, are the culmination of a process that began in September 2013, with the government’s announcement of a ‘root and branch’ review of Australia’s competition laws which resulted in the Competition Policy Review, commonly known as the Harper Review after its chair, Professor Ian Harper. 
Continue Reading Australian Competition Law Reform Now in Force

​作者：Trish Henry、Melissa Monks和James Gould 金杜律师事务所悉尼办公室

历经四年的协商和讨论，澳大利亚竞争法重大修正条款于11月6日起正式生效。

2013年9月澳大利亚政府宣布对本国竞争法进行“彻底性”审查，并发布《竞争政策审查报告》（即通常所称的《哈珀竞争政策审查报告》，以审查小组主席伊恩·哈珀命名），由此开启了澳大利亚竞争法改革的进程。《2017年竞争和消费者修正法案（竞争政策审查）》及《2017年竞争和消费者修正法案（滥用市场支配力）》将这一进程推向了高潮。
Continue Reading 澳大利亚竞争法修正条款正式生效