King & Wood

Follow:

格林豪泰在美国纽交所成功上市

By King & Wood on April 11, 2018

作者：金杜律师事务所

美国东部时间2018年3月27日，GreenTree Hospitality Group Ltd.（以下简称“格林豪泰”或“集团”）在美国纽约证券交易所上市，股票代码为GHG，格林豪泰初始发行10,200,000股美国存托凭证（ADS），发行价为每股14.40美元，融资额约1.428亿美元。
Continue Reading 格林豪泰在美国纽交所成功上市

金杜遇见独角兽丨创始人和管理层的不竞争义务

By King & Wood on April 11, 2018

Posted in Corporate

作者：聂卫东张涵钰金杜律师事务所公司业务部

“金杜遇见独角兽”是我们新近推出的专栏，将定期发布跟“独角兽”相关的各种专业、前沿的观点述评与行业观察。继上期推出“网络游戏热点法律问题系列问答”后，本期我们推出“独角兽捕手修炼手册”——高度浓缩投资过程中的真正风险点，以及如何把握那些来之不易的投资机会。我们将全部采用清单形式，严格限制清单条数和字数，希望让你在最短时间内有最大收获。
Continue Reading 金杜遇见独角兽丨创始人和管理层的不竞争义务

监察法1.0时代，刑事律师可以这样做

By King & Wood on April 11, 2018

Posted in Dispute Resolution

作者：韩旸王唯宁金杜律师事务所争议解决部

2018年3月20日，《中华人民共和国监察法》（以下简称“监察法”）正式公布并实施。3月23日，国家监察委员会在北京揭牌，全国各级监察委员会均已完成组建。这也意味着中国特色的国家监察体制已初步确立，党和国家的反腐败工作正式迈入“监察法时代”。
Continue Reading 监察法1.0时代，刑事律师可以这样做

聚焦上市公司跨境并购的监管现状及展望

By King & Wood on April 11, 2018

Posted in Corporate

作者：何未宋彦妍金杜律师事务所公司业务和证券业务部

【近年来监管层已放宽了现金作为支付方式的重大资产重组审批及信息披露要求，从而大大便利了上市公司直接参与和主导跨境并购交易。但上市公司以股份作为支付对价仍面临跨境换股的诸多限制，有待立法层面的突破】
Continue Reading 聚焦上市公司跨境并购的监管现状及展望

Q&A：Waste

By King & Wood on April 10, 2018

Posted in Energy & Environment

BY Wu Qing King & Wood Mallesons’ Commercial & Regulatory group

King & Wood Mallesons (“KWM”) is the exclusive partner firm of Thomson Reuters in PRC for its environmental law section. KWM has been a contributor to the “Environmental law and practice in China: overview” (the “Q&A Guide”) for three consecutive years (2016/17/18). The Q&A Guide is a specialized guide to China’s environmental law. It provides a high level overview of environmental law in China and looks at key practical issues including emissions to air and water, environmental impact assessments, solid and hazardous waste, contaminated land, and environmental issues in transactions. KWM provides updated insights for the Q&A Guide every year based on the latest environmental law and regulatory trends. The most recent edition of Q&A Guide 2017/2018 will be forwarded on “KWM Institute”(KWM_China), KWM’s official WeChat account, periodically as special session, providing companies with a complete guide to the legal system and practice of environmental law in China.

Continue Reading Q&A：Waste

深度思考“中国互联网专利第一案”——搜狗百度输入法专利大战

By King & Wood on April 10, 2018

Posted in Intellectual Property

作者：李辉 赵林琳 马明月 黄海鸣金杜律师事务所知识产权部

2015年10月和11月，搜狗基于其所拥有的输入法领域专利向北京知识产权法院、上海知识产权法院和上海高级人民法院，发起了专利侵权之诉，指控百度旗下的“百度输入法”产品侵犯了其17项专利权，诉讼总标的额高达2.6亿元。由于该系列案件引起行业和公众的广泛关注，被媒体冠之以“中国互联网专利第一案”。

2018年4月4日北京知识产权法院对6件搜狗诉百度系列专利侵权案件作出一审判决。这意味着，搜狗与百度专利大战初局已定：专利无效程序中，搜狗17个涉诉专利中7专利被全部无效，4专利被判部分无效；在民事侵权诉讼程序中，搜狗被迫撤诉10件，一审法院判定4案件不侵权。

New tax incentive for overseas investors investing in the PRC

By King & Wood on April 10, 2018

Posted in Tax

BY Duan Tao (Daisy) Cao Linlin King & Wood Mallesons’ Commercial & Regulatory group

This article was firstly published by China Law and Practice, Q1 2018.

On December 21, 2017, the Ministry of Finance, the State Administration of Taxation (SAT), the National Development and Reform Commission and the Ministry of Commerce jointly issued tax circular Cai Shui [2017] No. 88, Circular on Policy Issues Concerning Provisionally Not Levying Withholding Income Tax on Direct Investments by Foreign Investors Made Using Distributed Profits (关于境外投资者以分配利润直接投资暂不征收预提所得税政策问题的通知, Circular 88), which provides a temporary waiver of enterprise income tax (EIT, usually at 10%, unless a preferential tax rate applies under a double tax treaty or arrangement) for non-tax-resident enterprises (i.e. overseas investors) that make direct investments in an encouraged industry with profits distributed by a tax-resident enterprise in the PRC (Tax Deferral), if certain conditions are met. Subsequently, on January 2, 2018, the SAT issued the SAT Announcement [2018] No.3, Announcement on Issues Relevant to the Implementation of the Policy of Provisionally Not Levying Withholding Income Tax on Direct Investments Made by Foreign Investors Using Distributed Profits (关于境外投资者以分配利润直接投资暂不征收预提所得税政策有关执行问题的公告, Announcement 3) in order to provide further guidance in this regard.Both Circular 88 and Announcement 3 have a retrospective effect from January 1, 2017, which means that the Tax Deferral applies to dividends or profit distributions derived by overseas investors from their equity investments in the PRC on and after January 1, 2017.

Continue Reading New tax incentive for overseas investors investing in the PRC

境外投资者投资中国税收激励新政策

By King & Wood on April 10, 2018

Posted in Tax

作者：段桃 曹琳琳金杜律师事务所商务合规部

本文原文为英文；首次于2018年3月发表在《中国法律与实践》杂志。

2017年12月21日，财政部、税务总局、国家发展改革委、商务部联合发布了《关于境外投资者以分配利润直接投资暂不征收预提所得税政策问题的通知》（财税〔2017〕88号，下称“88号文”），对非居民企业（即境外投资者）以中国境内居民企业分配的利润，直接投资于鼓励类投资项目，凡符合规定条件的，实行递延纳税政策（下称“递延纳税”），暂不征收企业所得税（通常情况下适用10%的企业所得税，除非适用税收协定或安排的优惠税率）。随后，税务总局于2018年1月2日发布了《关于境外投资者以分配利润直接投资暂不征收预提所得税政策有关执行问题的公告》（国家税务总局公告2018年第3号，下称“3号公告”），以便就此项优惠提供进一步指引。88号文和3号公告均追溯至2017年1月1日起生效，这意味着境外投资者在2017年1月1日及以后在中国境内取得的股息、红利等权益性投资收益均有机会适用递延纳税。

Continue Reading 境外投资者投资中国税收激励新政策