作者:Paul Starr(1),Monique Carrol   金杜律师事务所  争议解决部

“一带一路”是上一期《跨境》的一个重要主题。由于这一全球性战略的重要性和持续性,中国政府于2017年9月在香港召开了2017年年度“一带一路”高峰论坛,发布了战略实施进度以及下一步的安排。下文将介绍本次论坛上做出的报告,以及金杜对于如何成功开展“一带一路”项目提出的几点建议。 Continue Reading 《跨境》| “一带一路”项目—–成功之路

by Paul Starr (1)、Monique Carroll   King & Wood Mallesons

Our previous edition of Crossing Borders highlighted the Belt and Road Initiative (BRI). So important and ongoing is this People’s Republic of China (PRC) worldwide initiative, that the PRC has organised an annual Summit (Summit) in the Hong Kong Special Administrative Region (Hong Kong SAR) to report on progress and where to next. What follows is a report from the 2017 Summit (held in September) and KWM’s recommendations for making your BRI projects successful.

Continue Reading Belt and Road projects-Actions to success

作者:冯晓鹏 邓惠    金杜律师事务所 争议解决部

根据海关总署相关数据,2017年通过海关跨境电商管理平台零售进出口总额达到902.4亿元,同比增长80.6%,近三年我国海关跨境电商进出口额年均增长50%以上。

机遇伴随着合规管理和风险防范的挑战,作为海关法律师,今天我们不谈打折,我们来谈跨境电商应如何面对合规风险的“十面埋伏”,把握发展机遇。 Continue Reading 合规创造价值 | 6.18来了!跨境电商除了打折还要注意“十面埋伏”

作者:温建利、丁楠、李权  金杜律师事务所 金融资本部

2018年6月8日,上海证券交易所、深圳证券交易所和中证机构间报价系统股份有限公司(以下简称“报价系统”)发布了《基础设施类资产支持证券挂牌条件确认指南》(以下简称“《挂牌条件指南》”)及《基础设施类资产支持证券信息披露指南》(以下简称“《信息披露指南》”,与《挂牌条件指南》合称为“《指南》”),就基础设施类资产证券化业务领域的业务规范、风险管理等方面内容制定了明确、统一的监管标准。 Continue Reading 基础设施类资产证券化挂牌指南要点解读

作者:赵显龙林嘉、张漠、陈俊文   金杜律师事务所 争议解决部

引言

近几年来国内资管业务发展迅速,为保障投资者的资金安全,金融机构在设计资管产品时往往尽可能地要求被投资者提供各类增信措施,进而除抵押、质押、保证等常见的担保形式之外,各类变相担保措施不断涌现,并陆续接受司法审判和检验。为此,我们立足于已有的争议解决实务经验,对资管产品中较为特别的两类变相担保措施予以简要总结和评析,以期协助各方了解该等变相担保措施在司法实践过程中可能面临的相关诉讼风险,同时反思相关资管产品的结构设计及诉讼策略。 Continue Reading 资管产品所涉变相担保问题评析及建议

作者:雷继平 王巍 金杜律师事务所 争议解决部

资管产品中有一类交易结构较为常见,即资管产品受让融资方转让的股权收益权,资管产品到期后,融资方再以相应价格回购该股权收益权,即俗称股权收益权转让及远期回购。在该结构中,一般融资方在转让股权收益权时,还会将对应的股权质押给资管产品,为到期回购股权收益权的义务提供质押担保(简如下图)。这种股权质押的效力是否存在瑕疵,有必要做一定探讨。 Continue Reading 资管纠纷:已经转让收益权的股权能否出质?

by Zhang Xiaoxia  KING & WOOD MALLESONS

Preview:

On 27 February 2018, the General Office of the Central Committee of the Communist Party of China (CCCPC) and the General Office of the State Council issued the Opinions on Several Issues Concerning Heightening Reform and Innovation in Intellectual Property Right Trial Field. The second part of Article 2 specifically stresses two points: “First, adhering to the value orientation that intellectual property rights create value, and right holders deserve interests in return. A judicial determination mechanism for damages, with compensation as the principal means and punishment as the supporting means, shall be established, and the problem of “low-value compensation” in action against infringements on intellectual property rights shall be resolved first. Second, tightening punishment for infringements on intellectual property rights and reducing enforcement costs. Continue Reading Principles for Determining Damages Compensation in Intellectual Property Cases

By Song Xinyue and Ge Min, IP Litigation, Beijing

Allocation of burden of proof is an area of great concern in a process patent infringement dispute.  In practice, the accused infringing process is usually strictly controlled by the accused infringer and hard to approach, which poses great challenges for a patentee of a process patent to produce evidence and enforce its legitimate right.  Fortunately, a patentee of a process patent for manufacturing a new product doesn’t have to bother with producing evidence showing the defendant’s infringement, as the Patent Law and the Rules of Evidences in Civil Procedures both set forth that the accused infringer shall furnish proof to show that the process used in the manufacturing of its products is different from the patented process as long as the patentee can prove that the process patent directs to a new product and that the accused infringer have made identical products.  However, a patentee holding a process patent for manufacturing a known (not new) product will not be so lucky.  Continue Reading Invocation of Presumptions and Burden of Proof in Patent Disputes over Manufacturing Processes

作者:叶永青  赵文祥   金杜律师事务所商务合规部

问题的提出

近日,土地增值税的重组文件——《关于继续实施企业改制重组有关土地增值税政策的通知》(财税[2018]57 号),在万众期盼下姗姗来迟。阅毕该文件,又对比翻看了前段时间发布的契税重组文件,笔者(作为税务律师)一直以来的疑惑和感慨又涌上心头:交易都是以整体示人,不区分税种。但现行各税种的重组税收文件都在自说自话,各自定义和描述可以享受税收优惠(免税/递延纳税)的交易/事项。以至于在判定一项交易/事项的税务处理时,笔者时常陷于这个税种可以适用重组税收文件,那个税种则可能不确定的窘境中。 Continue Reading 合规创造价值丨企业重组税收文件的困惑与反思–有感于土增财税〔2018〕57号文发布后

作者:萧乃莹(Minny Siu) Richard Mazzochi  Urszula McCormack   金杜律师事务所

2018年5月30日,香港金融管理局(“金管局”)在完成公众咨询后发布了《虚拟银行的认可》指引修订本(“经修订《指引》”)。金管局于2018年2月6日发布该公众咨询,旨在邀请公众就《虚拟银行的认可》的建议指引(“建议指引》”)提供意见,并在建议《指引》中列出了金管局在决定是否认可虚拟银行在港开展银行业务时所考虑的原则。

金管局在公众咨询期间收到的意见来自合共25位回应者,当中包括香港银行公会、存款公司公会、消费者委员会、商会、金融科技业的业界组织、科技公司组群和专业机构。金杜在协助银行业向金管局反馈意见的同时,也与创新者共同探讨了相关的下一步行动。

Continue Reading 智慧银行新纪元:金管局发布香港《虚拟银行的认可》指引的最终版本