作者:彭亚 金杜律师事务所争议解决部

peng_ya这是一个当事人因为忽视并购交易的全局性而搞砸了的并购纠纷案件,我们拎出来看看。了解大家并不关心案件的所有细节,因此我们直奔本篇想聊的、有意思的地方。

极简化后的案情

某能源公司要收购某煤业公司持有的目标公司51%股权(以下称“标的股权”),双方签订《股权转让协议》,约定价款为人民币1020万元。随后,能源公司支付了价款,双方办理了股权变更登记,能源公司接管了项目公司的运营管理,并对项目公司进行了大量投资,投资回报预期很乐观。

一年多后,煤业公司以能源公司为被告起诉到法院,主张:《股权转让协议》的签订只是整个并购交易中的一部分,是为了办理工商变更登记的方便,股权价款还包括双方签订的《债务重组协议》所约定的3亿元债务承担义务,即作为股权对价的一部分,能源公司还应替煤业公司关联企业偿还3亿元债务;由于能源公司并未承担该等债务,构成严重违约,因此,煤业公司请求法院判令:(1)解除《股权转让协议》、《债务重组协议》;(2)能源公司向煤业公司返还标的股权;(3)能源公司承担违约赔偿责任。

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作者:金杜律师事务所 King & Wood Mallesons

2017年3月3日,在《国际金融法律评论》2017年度亚洲颁奖典礼上,金杜律师事务所蝉联亚洲地区 “年度区域最佳律师事务所”大奖。除此之外,金杜还凭借在两项重大交易中提供的创新法律服务一举夺得另外两个重要奖项:“年度杰出股权交易奖—邮储银行香港IPO”和“年度杰出结构性融资及资产证券化交易奖—中国银行发行资产担保绿色债券”。邮储银行香港IPO项目由金杜合伙人周宁柳思佳苏峥负责,担任承销商中国法律顾问。中国银行发行资产担保绿色债券由金杜香港合伙人马绍基和金杜中国合伙人王军,栾剑琦共同负责,担任信托人的法律顾问。作为亚太地区知名法律媒体,《国际金融法律评论》亚洲大奖以突出的创新性和法律贡献为标志,每年评选出过去一年该区域最具创新性的法律团队以及交易。 Continue Reading 金杜蝉联《国际金融法律评论》 “年度区域最佳律师事务所” 大奖

作者:金杜律师事务所

2017年3月,武汉钢铁股份有限公司(简称“武钢股份”)在金杜律师事务所的协助下,成功完成与宝山钢铁股份有限公司(简称“宝钢股份”,股票代码:600019)的重大换股吸收合并交易。本项目为宝钢集团有限公司(以下简称“宝钢集团”)与武汉钢铁(集团)公司(以下简称“武钢集团”)联合重组的核心内容。自此,宝钢集团更名为中国宝武钢铁集团有限公司(简称“宝武集团”)并作为重组后的母公司,武钢集团整体无偿划入成为其全资子公司。 Continue Reading 金杜协助武钢股份成功完成与宝钢股份的重大换股吸收合并项目

By Zhao Xianlong, Lin Jia, Zhang Mo King & Wood Mallesons’ Dispute Resolution group

zhao_xianlongA joint real estate development project usually involves two legal relationships: (1) a joint development agreement between the party who contributes the land use right (the “land owner”) and the party who finances the development (the “financier”); (2) a construction contract between the developer (usually the financier) and the contractor. In practice, the land owner is usually not a party to the construction contract and is not involved with the construction. However, if the developer defaults on its payments to the contractor, the contractor often sues both the developer and the land owner, holding the land owner jointly and severally liable. The admissibility of such a claim is determined by the court. The outcome will depend on whether the court applies the doctrine of privity to the construction contract.

In a case on which we advised recently, the courts of first and second instance broadened the doctrine of privity and ruled in favour of the contractor. There was no clear legal basis for this decision.

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作者:莫里斯 & 莱荔

“我们抱歉地通知,您通过xx网站预订的航班因天气原因取消,请点击以下链接办理退款……”当你读完短信下意识点击链接进行退款,小心!可能你银行卡里的存款会因为链接中的木马程序不翼而飞。

21世纪第二个十年,随着购物网站和移动支付的普及,网购已经成为人们生活中必不可少的一部分。但随之而来的,不仅有快捷生活的舒适与便利,也有别出心裁、不断更新的诈骗危机。理脉整理了2012年至2016年中国裁判文书网有关网络购物的154篇公开裁判文书,为您揭开网络购物诈骗的秘密。 Continue Reading 谁动了我的钱包?——网购诈骗案件分析报告

作者:陈胜(合伙人) 王飞鸿(合伙人) 金杜律师事务所

chen_armstrong近年来随着民事、经济纠纷案件的相应增多,通过商业银行查询、冻结、扣划被执行人的存款成为了人民法院开展执行活动的重要方式之一。面对日益频繁的协助工作,银行如稍有协助不当,就有可能面临被监管部门处罚或是被诉的法律风险。因此,了解相关法律法规,正确行使权利,及时履行协助义务,是银行防范协助不当而产生法律风险的有效措施。本文将结合一则案例,分析和探讨银行在协助法院扣划第三人存款时应注意的风险点和相应的建议。

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By Wang Rui and Song Yafei  King & Wood Mallesons’ Corporate & Securities group

wangruiCyber security is at the forefront of law review throughout the world and China is no exception.  The state has released a number of regulations and policy documents on cyber security such as Cybersecurity Law (《网络安全法》), Cyberspace Security Strategy (《国家网络空间安全战略》), and Opinions on Strengthening National Cybersecurity Standardization(《关于加强国家网络安全标准化工作的若干意见》), as well as developing technical standards systems to support them. Under the constant threat of cyber security attacks, to further improve the security and control of network products and services and to prevent supply chain security risks at the regulatory level, a cybersecurity review system is like an arrow on a bowstring. [1]

On February 4, 2017, the Cyberspace Administration of China (“CAC”) released a draft of the Measures for the Security Review of Internet Products and Services (《网络产品和服务安全审查办法》) (the “Draft”) [2]through its official website to seek public comment.

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By Susan Ning , Wu Han, Li Huihui , and Wang Shisun King & Wood Mallesons’ Commercial & Regulatory group

ning_susanOn 2 December 2016, the US Federal Communications Commission (the “FCC”) released new rules on Protecting the Privacy of Customers of Broadband and Other Telecommunications Services (the “New Rules”) to regulate Broadband Internet Access Service (“BIAS”) providers and other telecom carriers in their protection of customer information and privacy. The New Rules took effect on 3 January 2017, except for a limited number of provisions subject to approval from the Office of Management and Budget.

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作者:张保生 朱媛媛 金杜律师事务所争议解决部

zhang_baosheng近日,北京市第一中级人民法院一审判决华锐风电科技(集团)股份有限公司(下称“华锐风电”)原董事长韩某犯违规披露重要信息罪,判处有期徒刑11个月,并处罚金10万元,原副总裁、财务总监陶某犯违规披露重要信息罪,判处拘役4个月,缓刑6个月,并处罚金5万元。此案一出,引发资本市场广泛热议。

此案为何引发资本市场高度关注?此案又向资本市场传递了什么信号?违规披露、不披露重要信息罪的构成要件是什么?上市公司应当如何防范与应对?本文将结合我们办理信息披露违法违规案件的经验,一一解答。

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By King & Wood Mallesons

King & Wood Mallesons (KWM) represented the Government of the Kyrgyz Republic to successfully overturn the US$16.5 million UNCITRAL award, with the Paris Court of Appeal recently ruling that Manas Bank had been established to facilitate money laundering.

The Government challenged the arbitral award in the French courts, which was made against the Kyrgyz Republic and in favour of Latvian businessman Valeri Belokon, former majority owner of Manas Bank, who claimed compensation for nationalization of the bank in 2010, as well as resisting enforcement of the award in Ontario. Continue Reading KWM advises Kyrgyz Republic on successful award overturn