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By: Andrew Tan, a Partner Arculli Fong & Ng (in association with King & Wood, PRC Lawyers)

1.Introduction

On 6 June 2008, the Government of the Hong Kong Special Administrative Region (the “HKSAR”) announced the “Arrangements for the Implementation of Clean Development Mechanism (“CDM”) Projects in the Hong Kong Special Administrative Region” (the “Implementation Arrangements”). The Implementation Arrangements have been developed following consultations between the National Development and Reform Commission (“NDRC”) of China and the Environment Protection Department (“EPD”) of the HKSAR. The Implementation Arrangements sets out the specific procedures for Hong Kong companies to conduct CDM projects in Hong Kong…Continue Reading Renewable Projects in Hong Kong may Lead to Additional Reward?

作者：王俊峰      金杜律师事务所创始合伙人  管理委员会主席

              景    岗      金杜律师事务所                        融资组证券部合伙人

2008年注定是不平凡的一年。2008年上半年开局就充满了变数，全球跨国并购市场各种力量此消彼长。作为深深根植于中国，全面服务于中国企业海外并购和外资在华并购的领先律师事务所，我们看到2007下半年和2008上半年的跨国并购表现出如下趋势：Continue Reading 全球跨国并购及战略投资新浪潮

By Wang Junfeng, Partner, and  Edward Jing, Partner, King & Wood’s Securities & Capital Markets Group

2008 is destined to be an extraordinary year for global cross-border M&A. King & Wood, as a leading law firm deeply rooted in this activity in China, has noticed the following trends in the second half of 2007 and the first half of 2008…

Continue Reading New Trends of Global Cross-Border M&A and Strategic Investment Wave

As of August 1st, Hong Kong and The Mainland were able to recognize and enforce commercial contracts, in accordance with the “Jurisdiction Agreement”  stated in “Arrangement between the Mainland of China and the Hong Kong Special Administrative Region Courts for Mutual Recognition and Implementation of Judgment on Civil-Commercial Cases under Agreement Jurisdiction." 

By Xu Xiaodan, King & Wood’s International Litigation & Arbitration Group

 Continue Reading Crossing the Border Provides No Refuge from the New Mutually Recognized Commercial Contract Law

作者：汪蕊，合伙人 ，金杜律师事务所，奥运工作团队

作为取得奥运会市场开发权益的对价，各相关类别的赞助商向奥运会提供了金额可观的资金和实物投入。每一届奥运会的成功举办都离不开赞助商的大力支持。因此，国际奥委会将赞助商的权益保护视为奥运会筹备组织工作的重要环节。而北京市政府和北京奥组委也在《主办城市合同》及《市场开发计划》中做出了庄严的承诺，将采取一切必要措施防止和打击任何形式的隐性市场行为。Continue Reading 北京2008奥运会的反隐性市场措施

By Wang Rui, Partner, King & Wood’s Olympic Group

As consideration for obtaining Olympic marketing rights, the official sponsors have contributed considerable funds and goods to the Olympic Games. The strong support of sponsors is crucial to the successful staging of every edition of the Olympic Games. As such, the International Olympic Committee (“IOC”) views the protection of the sponsors’ rights as an important aspect in the preparation and organization of the Olympic Games. The Government of the Beijing Municipality and Beijing Organizing Committee for the Games of the XXIX Olympiad (“BOCOG”) also solemnly have covenanted in the Host City Contract and the Marketing Plan that they will take all necessary measures to prevent and combat ambush marketing in any form…Continue Reading Anti-ambush Marketing Measures for the Beijing 2008 Olympic Games

作者： 李咏梅 诉讼仲裁组 国内诉讼部

近年来，“中国制造”频频被曝存在质量问题。从水产养殖产品到牙膏，从沙滩车到汽车轮胎，从玩具到手机……中国出口产品在国际市场引发“信任危机”。同时，国内 “手机爆炸”到 “欣弗”等产品缺陷致人死亡事件，也频频牵动人们的神经，产品安全问题一再凸现在国人面前。Continue Reading 召回？召回！

By： Li Yongmei King & Wood’s Domestic Litigation & Arbitration Practice

Recent issues regarding Chinese products have focused on the gaps remaining in the law.  However, the gaps are quickly closing.  Product safety has become a top priority for China. Chinese authorities have streamlined the legislative process for product recalls at all levels…Continue Reading Chinese Law on Product Recalls- A Work in Progress

作者 李文博 国际贸易部

2008年6月11日，金杜荣幸的邀请到美国并购领域著名律师事务所Wachtell, Lipton, Rosen and Katz的创始合伙人Martin Lipton先生前来交流访问。Lipton先生在金杜就法律从业以及毒丸计划的影响两个话题做了演讲。Lipton先生在法律实务领域成就卓越，最体现其智慧和创造力的无疑要数“权利计划”，即目标公司董事会采取的一系列反收购措施，用于抵御股权收购者低估目标公司价值的收购计划。由于此后华尔街银行家们的敌意收购计划由于“权利计划”屡屡受挫，因此他们称“权利计划”为“毒丸计划”。Continue Reading 中国为什么没有”毒丸计划”？

By: Li Wenbo   King & Wood’s  International Trade Group

Last month, Mr. Martin Lipton, of Wachtell, Lipton, Rosen & Katz, honored King & Wood with a speech on the implications of the “poison pill” in legal practice.  Mr. Lipton is noted for hisinnovative "rights plan", a series of defensive measures taken by the board of a target company in a hostile takeover.  The “rights plan” is meant to ward off hostile offers that substantially underestimate the value of the target’s shares.  The rights plan was later referred to as the "poison pill" by Wall Street bankers whose attempts at hostile takeover below fair value were frequently frustrated by the "rights plan."

Mr. Lipton’s speech inspired me to ponder the question of how defensive measures work in China’s corporate governance.  I then googled the word "poison pill" and "company" in Chinese, but found no instances of companies utilizing the poison pill within China.  So why is there no poison pill in China?
 

 Continue Reading Why No Poison Pill in China?