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 Gunning，Kate 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

作者：吴青 王箬桑 金杜律师事务所商务合规部

土壤污染防治与农产品质量、饮用水安全息息相关，对人民群众的健康状况和经济社会的可持续发展至关重要。然而，近年来发生的常州外国语学院“毒地”事件、镉米和毒姜等食品安全事件不断地向社会敲响了警钟，如何防治土壤污染、保障“舌尖上的安全”已成为公众的关注焦点。

为了对土壤污染防治问题进行总体布局，国务院于2016年5月28日印发了《土壤污染防治行动计划》（下称“土十条”）。2017年6月22日，我国首部《土壤污染防治法(草案)》（下称“草案”）也已提请十二届全国人大常委会第二十八次会议进行首次审议，并向社会公布。此次立法将对今后的土壤污染防治工作产生怎样的影响，引发了哪些值得企业和公众关注的问题呢？ Continue Reading 土壤污染防治法草案首次审议：污染者难逃其咎

作者：海关与贸易合规团队

近日，海关总署发布2017年25号公告推进全国海关通关一体化改革，从7月1日起，全国海关通关一体化实现进口领域全覆盖，全国口岸所有运输方式进口的商品，适用“一次申报、分步处置”通关作业流程和企业自报自缴税款、海关对税收征管要素审核后置等改革举措。 Continue Reading 享改革红利更须在合规管理上发力： 全国海关通关一体化正式实施

By Scott Farrell, Urszula McCormack, Stanley Zhou  King & Wood Mallesons

ICOs sell blockchain tokens (or coins)…

A token is an intangible asset stored on a blockchain which entitles a token holder to a bundle of rights (and possibly liabilities) set out in smart contracts and other relevant documentation (such as an offering document or a whitepaper).

… in a way like IPOs …

ICOs are inspired by IPOs. Like an IPO, tokens which have not been available to the public previously are generally offered to raise a set amount of funds, within a defined period of time. Once purchased, the token may be able to be traded on exchanges accessible by the public. Continue Reading 10 things you need to know about Initial Coin Offerings (ICOs)

作者：Scott Farrell 邬素岚 周昕 金杜律师事务所

ICO出售区块链代币（或货币）…

代币是储存在区块链上的无形资产。代币持有人享有智能合同和其他相关文件（如，发售文件或白皮书）中规定的一系列权利（也包括责任）。

…发售方式与IPO相似. . . 

ICO是受到了IPO的启发。和IPO一样，在指定期限内将以往不公开发售的代币向公众发售，以募集一定金额的资金。购买后，代币可在面向公众的交易所买卖。 Continue Reading 有关首次代币发售的10个要点