By  Eli Han, Mathew Dickerson and Yi He

INTRODUCTION

简介

The COVID-19 outbreak in the United States has wreaked havoc in the U.S. economy.  In response, the U.S. government has taken massive actions to stabilize and stimulate the economy.  The U.S. Federal Reserve has delivered a series of extraordinary measures to support the U.S. economy during the escalating COVID-19 pandemic, pledging to buy an unlimited amount of bonds and setting up a series of programs to ensure credit continues to flow to U.S. companies.

新冠病毒的爆发对美国经济已经造成了严重的损害，作为回应，美国政府采取了一系列大规模行动来稳定和刺激经济。美联储已采取了一系列前所未有的措施，以期在不断升级的疫情期间支持美国经济，包括无限量化宽松计划以及设立众多信贷项目以确保资金流动性。
Continue Reading Client Alert | Extensive New Measures by the U.S. Federal Reserve to Stimulate the Economy

By Wu Ye, Kuang Jingting and Tan Lanwei

Why Amend

The Foreign Investment Law of the People’s Republic of China (the “Foreign Investment Law”) that issued last year came into effect on  January 1, 2020 together with the supporting Regulations for the Implementation of the Foreign Investment Law of the People’s Republic of China (the “Implementation Regulations”). Upon its taking effect, the Foreign Investment Law repealed the three fundamental laws which previously regulated foreign-invested enterprises (“FIEs”) in China – the Law of the People’s Republic of China on Sino-foreign Equity Joint Ventures (the “Equity Joint Ventures Law”), the Law of the People’s Republic of China on Sino-foreign Contractual Joint Ventures (the “Contractual Joint Ventures Law”) and the Law of the People’s Republic of China on Wholly Foreign-Owned Enterprises (collectively referred to as the “Three Laws governing FIEs”), together with their corresponding implementation regulations and detailed implementation rules, were repealed thereafter.  As a result, the relevant provisions on corporate governance and control in the Three Laws governing FIEs no longer apply.
Continue Reading Why not Use the Time of Telework to Amend the AOA of FIEs?