King & Wood

Subscribe to King & Wood's Posts
Follow:Read more about King & WoodKing &'s Linkedin ProfileKing &'s Tiktok Profile

By king & Wood Mallesons’ Compliance Group

In order to strengthen the supervision of food safety in China, the National People’s Congress published the “People’s Republic of China Food Safety Law (Revised Amendment)” (“First Revised Amendment”) for public comment on its official website in June 2014. Earlier, in October 2013, the “People’s Republic of China Food Safety Law (Amendment)” (“Amendment”) was published for comment by the State Council. Based on views of the members of the National People’s Congress, the “People’s Republic of China Food Safety Law (The Second Revised Amendment)” (“Second Revised Amendment”) was published in December 2014. Compared to the First Revised Amendment, mainly drafted by the government, the Second Revised Amendment incorporates public views and suggestions. As a result, the Second Revised Amendment is more considerate towards consumer rights and operators’ behavior. This newsletter reviews the highlights of the three Amendments to the People’s Republic of China Food Safety Law and discusses the new provisions of the Second Revised Amendment.
Continue Reading The Second Revised Amendment of the Strictest Food Safety Law in History

By Xu Ping Mark Schaub and Jennifer Yao King & Wood Mallesons’ M&A Group

xu_pingschaub_mOn 19 January 2015, the Ministry of Commerce of the PRC (“MOFCOM”) published a discussion draft of the proposed new Foreign Investment Law (“Draft FIL”) on its official website for public comments. As part of a trend of transforming the role of government in the economy and simplifying red tape, this new legislation will revamp how China interacts with foreign investment which has been long-awaited.

China is not the same country when the Sino-foreign Equity Joint Venture Enterprise Law was promulgated in 1979. In addition to its rapid growth and developing economy, there has been in recent years strong and sustained growth in outbound investments by Chinese enterprises. This has led to China changing from a net capital inflow country to a net capital outflow country in 2014. No doubt China’s perspectives and strategies on both inbound and outbound investment regime have reshaped dramatically reflecting the changing economic landscape.
Continue Reading A New Era for the PRC Foreign Investment Regime —— An Introduction to the Discussion Draft Foreign Investment Law of PRC

作者：钟鑫 胡喆 陈府申 金杜律师事务所银行部

zhong_xin2015年1月16日, 银监会颁布了《商业银行委托贷款管理办法(征求意见稿)》(以下简称“《征求意见稿》”)。该等《征求意见稿》体现了监管部门对于委托贷款业务监管思路与方式的重大调整, 将对资产管理业务、互联网金融业务以及信托业务均产生深远影响。本文即拟对核心条款进行解读, 重点梳理其对于各类金融业务领域的影响。
Continue Reading 委托贷款新规核心条款

作者：徐萍 姚丽娟 金杜律师事务所公司并购部

xu_ping2015年1月19日下午，中国商务部官方网站公布《<中华人民共和国外国投资法>（草案征求意见稿）》（“外资法草案”）及其说明，正式向社会各界征求意见。至此，在政府职能转换和简政放权的大背景下，国内外各界翘首企盼的外商投资领域的根本大法初露端倪。伴随中国企业境外投资强劲增长，中国从资本净流入国转变为资本净输出国，中国境内外投资监管的视野和格局随之发生巨变，而终将结束三资企业法分散立法模式的外资法草案，无疑将对中国整个外资管理体制产生重要而深远的影响。本文结合金杜在外商投资及并购领域的丰富实践经验以及参与立法草稿的讨论及建议，就《外国投资法》草案的立法背景、立法特点和主要制度变革进行初步点评，抛砖引玉。
Continue Reading 中国外资立法划时代变革

By Paul Starr  King & Wood Mallesons’ Dispute Resolution Group

starr_pOver the last several years, Chinese companies have been extending their reach around the globe, undertaking ever-increasing pioneering projects in infrastructure, energy, commerce, environment and other developments.

As they do so, we see a growing number of multi-million dollar disputes arising from their overseas businesses and claims incurred by their overseas counterparts. The legal risks to which Chinese companies are exposed have therefore been increasing. Some of them, rather unwittingly, develop a habit of turning to local lawyers in the dispute countries (“Country Lawyers”) for major dispute resolution solutions. That is very inadvisable.
Continue Reading International Arbitration outside of the PRC: Explaining to Chinese Enterprises why they need us

By Barbara Chiu    King & Wood Mallesons Dispute Resolution Group

chiu_bThe Securities and Futures Ordinance (Cap. 571) (“SFO”) regulates the securities and futures market in Hong Kong, and provides a comprehensive civil and criminal regime to address misconduct in the financial market. In addition, sections 40 (Civil liability for misstatements in prospectus) and 40A (Criminal liability for misstatements in prospectus) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) (“CWUMPO”) also impose civil and criminal sanctions for misstatements made in a prospectus for the protection of public investors.
Continue Reading Key regulations on the disclosure of false or misleading information / misstatements in prospectus in Hong Kong

作者：汪蕊 肖宇 金杜律师事务所公司并购部

汪律师2014年，工业和信息化部（“工信部”）和上海市人民政府相继颁布了一系列有关在上海自贸区向外商投资开放增值电信业务的规定[1]。根据这些规定，现行《电信业务分类目录》[2]（“《电信业务分类目录（2003）》”）项下的七类增值电信业务[3]在外商持股比例限制方面获得不同程度的放开[4]。其中，在线数据处理与交易处理业务（经营类电子商务）的外资比例限制由50%调整至55%。与此同时，上海自贸区内的外商投资增值电信业务企业在审批和设立流程上获得较大程度简化[5]，并被允许向全国范围辐射提供相关增值电信服务[6]。

2015年1月13日，工信部发布《关于在中国（上海）自由贸易试验区放开在线数据处理与交易处理业务（经营类电子商务）外资股权比例限制的通告》（“《通告》”）[7]，为外商在上海自贸区投资经营电子商务交易平台进一步“松绑”。根据《通告》所述，上海自贸区将试点放开在线数据处理与交易处理业务（经营类电子商务）的外资股权比例限制，外资股权比例可达100%。
Continue Reading 经营类电子商务交易平台外资股权比例可达100%

作者：金杜律师事务所 合规业务组

2014年3月7日，国务院发布了《医疗器械监督管理条例》（以下简称“《条例》”），2014年7月30日，国家食品药品监督管理总局发布了《医疗器械经营监督管理办法》（以下简称“《办法》”），2014年12月12日，国家食品药品监督管理总局发布了《医疗器械经营质量管理规范》（以下简称“《规范》”）。这一系列的法规和规范的出台，代表了中国政府对医疗器械生产经营企业监管的进一步加强。
Continue Reading 医疗器械行业面临新一轮洗牌

作者：Paul Starr  高峰 滕海迪 Peter Ng  金杜律师事务所

starr_pgao_fengteng_haidi在过去的几年中，中国企业逐渐将其业务扩展至全球，并在建筑、能源、商业、环保等领域不断在国际市场开拓前沿项目。

在“走出去”的过程中，中国企业面临如下法律问题：境外投资的法律形式、知识产权保护、税务筹划、外国政策及法律环境等。同时，中国企业在“走出去”的进程中，与海外合作伙伴、当地政府的争议数量也不断增加。由此可见，中国企业在加大步伐“走出去”的同时正承担着日益增长的法律风险。本文将根据我们实践中积累的经验对中国企业如何化解境外商事纠纷进行探讨。
Continue Reading 中国企业如何化解境外纠纷

作者：徐晓丹 李洪川 金杜律师事务所劳动部

xu_xiaodan外国人就业合规管理是企业人力资源管理的一个难点和要点。我们总结了来自客户的若干FAQ，并在《外国人在中国就业管理规定》和北京市《关于进一步加强北京市外籍人员聘用工作的通知》的基础上，整理出如下简明扼要的答案，让你分分钟了解在京聘用外国人需要注意什么。
Continue Reading 在京聘用外国人FAQ