By Odette Adams, Christina Crossman and Lauren Murphy  King & Wood Mallesons

​The Finkel Review into the Future Security of the National Electricity Market was released on 9 June. The Report makes some 50 policy recommendations to address the so-called “energy trilemma” – providing affordable, reliable and low emissions electricity for the country.

We have reviewed the recommendations by sector to bring you the probable, real-world implications of this “Blueprint for the Future”. The detail is in the Report, however, and we suggest reading the relatively short sections before each recommendation to understand them fully.  Continue Reading The Finkel Review – What does it mean for industry?

作者：徐晓丹 李洪川 金杜律师事务所商务合规部

​北京市《关于审理劳动争议案件法律适用问题的解答》第13条。

张仲裁员的麻烦案件

在张仲裁员的印象里，已经很久没有劳动争议可以让他犯难了。“不要被当事人的思路带偏，要自己判断纠纷的实质”，张仲裁员常常跟单位新来的年轻人这么说。但是在今天这个纠纷里，他似乎也很难裁决得干净利落。  Continue Reading 给“严重违纪解聘”制度打个补丁

​作者：莫里斯 & 麓伯  

定增和并购重组项目穿透核查内容介绍

定增和并购重组项目穿透核查与穿透计算主要是核查投资人通过资管计划、有限合伙等产品参与认购申报公司非公开发行股票的情况。其中，涉及到的申报公司，指的是以定增性质再融资的上市公司，包含发行部审核的定增(以下简称“再融资定增”)项目和上市部审核的发行股份购买资产及募集配套资金（以下简称“资产重组募集配套资金”）项目。 Continue Reading 穿透核查问题系列之定增和并购重组项目研究

​作者：金杜律师事务所

为进一步加强欧洲跨境业务团队实力，打造欧洲服务平台，金杜律师事务所（“金杜”）法兰克福办公室将于2017年10月1日迎来两位公司及融资业务领域的新合伙人加盟。两位合伙人为赵辉和Daniel Ehret。赵辉和Daniel Ehret的加盟体现了金杜全球和德国的发展战略，他们的加入将为金杜欧洲在公司与融资业务以及中德投资方面注入新的力量并成为法兰克福现有合伙人团队的重要补充。今年年初，金杜重组德国办公室，法兰克福的四位合伙人， Christian Cornett、Rudolf Haas、Rüdiger Knopf和Sandra Link参与了重组。近几个月，德国团队积极扩充，迎来了公司业务领域顾问Tilmann Becker等新成员，而此次赵辉和Daniel Ehret更是首批新加入的合伙人。  Continue Reading 金杜法兰克福迎来两位重要合伙人加盟，彰显对欧洲市场的发展决心

​By King &Wood Mallesons

King & Wood Mallesons (KWM) is expanding its European platform to further enhance its cross-border capability with the addition of corporate and finance partners, Hui Zhao and Daniel Ehret who will both join the Frankfurt office on 1 October 2017.Consistent with KWM’s global and German strategic priorities, Hui Zhao and Daniel Ehret bring significant additional corporate finance expertise including for clients involved in Sino-German investments. They will complement the currently four partner-strong Frankfurt team of Christian Cornett, Rudolf Haas, Rüdiger Knopf and Sandra Link, who together re-formed the KWM firm in Germany earlier this year with the establishment of KWM Europe Rechtsanwaltsgesellschaft mbH. While the German team has already grown over the last months, e.g. by the joining of corporate counsel Tilmann Becker, Hui Zhao and Daniel Ehret are the first of a group of partners to join.  Continue Reading King and Wood Mallesons signals commitment to Europe with two significant lateral partner hires in Frankfurt

By Mia Qu King & Wood Mallesons’ Dispute Resolution group

The case

  • Plaintiff: China UnionPay
  • Defendants: Jinan Daonuo Information and Technology Co., Ltd. & Shandong Yuntai Mingde Information and Technology Co., Ltd.
  • Court of Trial (Level): Shanghai Intellectual Property Court (First Instance)
  • Nature of Case (Cause of Action): Infringement of the Exclusive Right of Registered Trademark and Unfair Competition

Continue Reading Case report: How such a concealed infringement of UnionPay’s intellectual property was brought to justice in China?

作者：金杜律师事务所

2017年7月17日，中国石油天然气集团公司（简称“中国石油集团”）成功在国内面向公众投资者公开发行首单100亿元可交换公司债券。本次发行是目前我国证券市场上发行规模最大的一支可交换债，网下发行规模达到70亿元，网上发行规模30亿元，票面利率为询价区间下限1.00%，均创市场之最。 Continue Reading 金杜助力中国石油集团发行首单100亿元可交换公司债券

作者：关峰 朱嘉寅 唐路 金杜律师事务所争议解决部

上一篇我们谈到诉讼主体的确定问题，本文将从担保的视角对债券持有人的权利救济予以分析。

保证人单方出具《保证函》的效力

一般情况下，发行人为担保私募债券的发行，会安排保证人出具《保证函》作为增信措施。《担保法司法解释》第22条第1款规定，第三人单方以书面形式向债权人出具担保书，债权人接受且未提出异议的，保证合同成立。学理上，《保证函》虽是保证人的单方行为，但其向特定主体作出，特定债权人以语言、文字或者行为的方式接受《保证函》具有承诺性质，保证合同因此成立。 Continue Reading 公司债券司法实践常见问题三：债券兑付担保合同中的争议

​By Paul Starr, Dorothy Murray, James McKenzie and Kendal McCarthy King & Wood Mallesons

On 14 June 2017, Hong Kong’s Legislative Council passed the Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Bill 2016 (“Third Party Funding Bill“), amending the Arbitration Ordinance (Cap 609) (Ordinance) (“AO”) to permit third party funding of arbitration proceedings seated in Hong Kong.As Hong Kong prepares to implement the reform (which is expected to take effect in late 2017), we take stock of some of the key features of the Third Party Funding Bill and what its passage will mean for users of Hong Kong arbitration.  We also make comparisons with third party funding of arbitration in England and Wales to determine what practical lessons can be learned from the reform process in that jurisdiction. Continue Reading New Arbitration Funding Options and Lessons for Hong Kong

​作者：Paul Starr, Dorothy Murray, James McKenzie and Kendal McCarthy 金杜律师事务所

2017 年6月14日，香港立法会通过了《2016年仲裁及调解法例(第三者资助)(修订)条例草案》（“第三者资助草案”），对《仲裁条例》(香港法例第609章)（“仲裁条例”）作出修订，允许在香港仲裁程序中的第三者资助。由于香港准备实施改革（预期将在2017年年底生效），我们评估第三者资助草案的若干主要特征以及草案的通过对香港仲裁使用者的影响。我们同时与英格兰及威尔士的仲裁第三者资助进行比较，以确定从该司法管辖区的改革过程中可以学习到什么样的实际借鉴经验。 Continue Reading 欢迎第三者资助草案：新仲裁资助选择方法及对香港的借鉴经验