作者:宁宣凤  杨楠 金杜律师事务所商务合规部

2017年7月13日,工信部在其官网上发布了新版《电信业务经营许可管理办法》(“新《办法》”),将于2017年9月1日起施行。新办法废止了自2009年4月10日起实施的旧版《办法》(“旧《办法》”)。相较于旧《办法》,新《办法》主要有以下三大方面的亮点和改进:

第一,适应现实,对电信业务的申请程序做了部分简化、调整,以期为企业提供更多便利。

第二,改革部分不利于电信业务和市场发展的现行规定,进一步为企业松绑,激发市场活力。

第三,建立若干项新机制,加强对电信业务日常经营行为的事中事后监管,进一步规范市场秩序。

本文第一时间对新《办法》最值得关注之处予以梳理、评析,以供广大意图或已经开展电信业务的企业参考。 Continue Reading “新”电信业务办法:更简、更活、更规范

作者:莫里斯 & 麓伯

自2017年以来,证监会继续严把IPO审核质量关,强调落实信息披露事项,在证监会要求申报公司完全披露发行人及发行人股东的关联信息这点上显得尤为突出。对应到审核实践中会涉及实际控制人的认定,穿透计算后是否还满足政策要求的200人界定范围,以及是否已经穿透披露至最终出资人等多项具体情形,监管机构对于申报公司及其关联人信息的穿透核查已成为各项股权投资项目审核的基本要求。由于针对不同的股权投资项目,“穿透核查”存在不同的“穿透”方式和“核查”要求,此次理脉将通过对当前涉及穿透核查的法规政策和反馈意见进行梳理,以穿透核查专题的形式做说明,旨在为大家提供一些参考建议。 Continue Reading 穿透核查问题系列之pre-IPO投资项目研究

By Wu Wei, Zhu Yuanyuan King & Wood Mallesons’ Dispute Resolution group

The Asian Infrastructure Investment Bank (AIIB) is a multilateral financial institution that aims to bring financial support to infrastructure building in Asia. Certainly, AIIB will play an important role in the Belt and Road related projects.

Since its founding on December 25th, 2015, the AIIB has approved nine financing projects with a total commitment of $1.7 billion. The AIIB will continue to expand its operations by  additional investments in the near future.  Continue Reading Joining the AIIB Projects—What You Must Know about Affiliated Debarment and Cross-Debarment

作者:Christian Cornett(合伙人),Sandra Link(合伙人),Tilmann-Becker(顾问) 金杜律师事务所法兰克福办公室

“自2017年起,全球开始出现各种新的贸易保护主义手段,一些已直接影响到中国的对外投资活动。美国外国投资委员会已采取改变措施,欧盟外国投资委员会也正在考虑就外国投资具有战略意义的欧洲目标公司实行新的审查制度。同时,中国投资者收购一些德国目标公司(如,美的收购库卡)引发了德国媒体的激烈讨论,几个月后德国将举行总统选举,德国经济部长也决定开始行动,首先就要收紧关于外国投资控制的行政审查程序。本文即讨论了审查程序改变所带来的挑战。” Continue Reading 解读德国外商投资监管新政

By Christian Cornett(partner),Sandra Link(Partner),Tilmann-Becker(Counsel). King & Wood Mallesons’ Frankfurt office.

“In 2017, various elements of neo-protectionism have materialised globally, some of which have directly influenced China-outbound investments. While in the US, the committee on foreign investments in the US (CFIUS) has undergone some changes, in the European Union, plans for a new regime on foreign investment in strategic European targets is under consideration (CFIEU).  Meanwhile, motivated also by a substantial discussions in the Germany press following the acquisition of some German targets by Chinese investors such as Midea’s acquisition of KUKA – and a few months ahead of the upcoming German election – the German minister of economics has decided to implement a first step by tightening the administrative proceedings regarding foreign investment control. The attached paper sheds some light on these changes.”  Continue Reading New German Regulation on Foreign Investment Control

By Wu Wei, Zhu Yuanyuan King & Wood Mallesons’ Dispute Resolution group

On May 14th and 15th, the Belt and Road Forum for International Cooperation was held in Beijing, which once again put the city at the centre of global attention.

China is a founding member of the Belt and Road (“B&R”). It already has more than 80 SOEs setting up branches in countries along the B&R and 47 SOE’s participating in 1676 construction projects. The B&R presents both opportunities and challenges to Chinese enterprises. Chinese firms will need to meet high standards to avoid breaching compliance requirements. Continue Reading Participating in the Belt and Road Initiative, Protected from Overseas Compliance Risks

By Wu Wei, Liu Ting, Zhu Yuanyuan King & Wood Mallesons’ Dispute Resolution group

Multilateral development banks, such as the World Bank, enforce strict compliance procedures for their borrowers, along with regulations on investigations and sanctions for non-compliance. Being blacklisted by these banks has significant negative consequences (please refer to the related articles Participating in the Belt and Road Initiative, Protected from Overseas Compliance Risks, Joining the AIIB Projects—What You Must Know about Affiliated Debarment and Cross-Debarment).  Taking an active role in proceedings may prevent an enterprise from being sanctioned. Continue Reading Blacklisted by the World Bank, How Can Firms Participate in the Belt and Road?

By Georgia Mullins. King & Wood Mallesons’ Melbourne office.

In a decision highlighting employer’s obligations to employees with a mental illness, the Fair Work Commission (FWC) has found an employer failed to provide due process to an incapacitated employee after misconstruing his extended absence from work on certified sick leave as a refusal to work. Continue Reading Incapacity to work is not a refusal to work

作者:何放 金杜律师事务所争议解决部

本文以2017年6月22日江苏省高级人民法院作出的(2017)苏民终442号终审判决为案例,讨论了一起罕见的法院在商标确认不侵权诉讼判令败诉方(本案中为确认不侵权诉讼的被告暨中国商标权人)承担相当金额合理费用的案件。 Continue Reading 被抢注商标人的反击:评一起因OEM定牌加工海关侵权查扣程序引发的商标确认不侵权诉讼

作者: Patrick GunningKate Jackson-Maynes,Nick Valentine,Charles Davies

支付方式趋于电子化

在现代经济中,现金和支票的使用正在减少,电子钱包对传统的支付卡构成了挑战。

支付系统依赖网络基础设施

为实现“多对多”的支付方式,需要建立供支付服务供应商使用的网络基础设施。服务供应商之间的竞争将使支付系统用户拥有更大的选择余地。 Continue Reading 数字支付:不得不知的10个要点