作者:金杜律师事务所 King & Wood Mallesons

在金杜律师事务所专业团队的协助下,由赖国传先生领导,深圳上市公司棕榈生态城镇发展股份有限公司(简称“棕榈”)联合私募股权基金云毅投资共同注入大量资金的中国财团成功收购了英超西布罗姆维奇足球俱乐部。

King & Wood Mallesons has advised a large consortium of Chinese investors, led by Guochuan Lai and comprised of significant investments by Shenzhen-listed Palm Eco-Town Development Company Limited (Palm)and private equity fund Yunyi Investment, on its acquisition of English Premier League Football Club West Bromwich Albion. Continue Reading 金杜助力中国财团收购英超西布罗姆维奇足球俱乐部/King & Wood Mallesons advises a Chinese Consortium on the acquisition of West Bromwich Albion Football Club

By Chen Bing, Edwina Kwan and Charmaine Lam. King & Wood Mallesons

1Food safety has been high on the agenda for Chinese consumers for a number of years now following a spate of high profile food scandals where huge numbers of Chinese consumers have fallen ill and even died due to tainted food products. Among the more notorious scandals of recent times has been melamine tainted infant formula in 2008, exploding watermelons due to the use of a growth accelerator chemical, 15,000 dead pigs found floating in the Huangpu River in Shanghai, the sale of frozen meat that was found to be more than 40 years old and the scandal surrounding the supplier to KFC and McDonalds who was found to be reusing meat that had fallen on factory floors, as well as mixing fresh and expired meat.

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作者: Kate Jackson-Maynes, Nathan Hodge, Travis Toemoe, Michael Swinson, Oshini Jinasena and Elizabeth Oliver.

科技保险是什么?

科技保险是通过移动应用程序及运用可穿戴设备、远程信息处理和人工智能等新兴科技以变革保险业。所提供的这些设备及数据将被运用于提高客户参与度,产生更深层次的对消费者喜好的风险见解,并用新产品满足消费者的需求。

科技保险是数据革命。

物联网将为保险公司提供新的实时信息。汽车及手机应用程序中的远程信息设备能提供行车习惯及汽车定位信息。对于家庭房屋保险,如果发生火灾或入室抢劫,智能家用设备能通知保险公司。行动跟踪器可以从其佩戴者身上收集一系列的包括睡眠习惯,运动及心率的实时信息。

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作者:Scott Farrell, Kate Jackson-Maynes, Max Allan and Johanan Ottensooser.

farrell_s (1)jackson-maynes_k不只是比特币。

区块链,是一项起源于比特币的科技,然而其用途远远大于电子货币。对于金融业及金融市场来说,区块链的重要性体现在有远超于比特币的潜力。

区块链是一项交易记录。

“链”指的是一组交易记录,每一次新的交易紧接着之前一次的交易。所有之前交易组成的链形成了所有权。举个例子,这个“链”的作用相当于电子化时代以前的地契系统,早期的地契和契据本记载了所有的交易,包括原始的地契授予一直追随到现在的所有权。

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作者:Kate Jackson-Maynes, Nathan Hodge, Patrick Gunning and Adriana Wild Taylor.

什么是智能理财顾问?

智能理财顾问是指自动化,基于计算机演算法基础上的金融服务工具。智能理财顾问通过在线工具为用户提供建议,过程有时需要金融程序员的人工协助。这种工具可以由客户直接使用或协助咨询顾问为他们的客户提供金融服务。

智能理财顾问是更加智能且独立的数字咨询工具。

智能理财顾问不仅仅是简单的金融管理工具和在线计算器,后者只能收集很有限的信息之后生成建议。智能理财顾问则能考虑更加复杂的输入信息,比如测评投资者的风险记录,从而推荐适合他们的投资组合。

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作者: Scott Farrell, Annabel Griffin, Roslyn Hinchliffe and Claire Warren.

farrell_s (1)griffin_a智能合约是指一份能自动执行本需要手动才能完成任务的协议。

智能合约就是任何能自行执行部分功能的协议。例如,一份能自动计算合同当事人待付金额,并安排支付这笔金额的合约。智能合约将减少协议执行过程中的人工干预。

其自动化主要依靠软件代码。

自动执行的部分是由软件程序操作的,并需要将命令以逻辑编码的形式表达出来。举个简单的例子就是 “如果……则……” – 如果一个特定日期已到,那么一方则会向另一方的银行账号中汇入特定金额的澳元。表达逻辑编码时,选择正确的代码语言非常重要。代码写得好,并且无懈可击也同等重要。如果采用了不合适的代码语言,或者代码写得不好,智能合约将容易受到攻击,就像最近 Ethereum区块链中DAO的遭遇一样。

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作者:金杜律师事务所 King & Wood Mallesons

上海医药集团股份有限公司(简称“上海医药”)以及Primavera Capital Fund II L.P.(简称“春华”)在金杜律师事务所专业团队的协助下,通过协议收购澳大利亚证券交易所上市公司Vitaco Holdings Ltd(简称“Vitaco”)的100%股份。上海医药和春华将以每股2.25澳元收购Vitaco,交易对目标公司的估值为3.137亿澳元。

King & Wood Mallesons (KWM) is acting for Shanghai Pharmaceuticals Holding Co., Ltd (“Shanghai Pharma”) and Primavera Capital Fund II L.P. (“Primavera”) on their joint acquisition of 100% of ASX-listed Vitaco Holdings Ltd (“Vitaco”) by way of scheme of arrangement. Shanghai Pharma and Primavera are offering Vitaco shareholders A$2.25 per share (less any dividend paid), valuing Vitaco at A$313.7 million. Continue Reading 金杜代表上海医药及Primavera收购澳洲上市公司Vitaco / King & Wood Mallesons acts for Shanghai Pharma and Primavera on acquisition of Vitaco

作者:金杜律师事务所

2016年7月28日,运通网城房地产投资信托(简称“运通网城”)在金杜律师事务所专业团队的协助下,以红筹方式在新加坡交易所主板上市,共计发行188,125,600个信托单位,发行价为0.81元新加坡币/信托单位,供募集资金达10.7亿元新币(约合52亿元人民币)。运通网城的成功上市创下了中国企业在新加坡主板上市的众多“第一”并深具代表性:第一个中国物流与电商运营资产的上市;第一个以房地产信托在新加坡上市的中国民营企业;近十年来,中国企业在新加坡募资规模最大的上市项目。 Continue Reading 金杜代表承销商助力运通网城在新交所主办上市

作者: 吴晔 林茜 金杜律师事务所公司证券部

wu_ye7月28日,《关于深化改革推进出租汽车行业健康发展的指导意见》(“《指导意见》”)及《网络预约出租汽车经营服务管理暂行办法》(“《办法》”)正式公布,将于2016年11月1日起施行。网约车新规的出台结束了网约车数年来在监管灰色地带的挣扎,摘掉“黑车”帽子,正式获得了“预约出租客运”的合法名分,被纳入出租汽车行业进行监管。这是网约车行业的第一个全国性、政策性管理规定,先后酝酿、征求意见和修改达两年之久,网约车的合法地位终于得以确定,同时新规也多方位明确了网约车行业的
准入门槛和合规性标准。

现阶段网约车在消费者日常生活中的普及已是不可忽视的既成事实,加上近期网约车负面新闻频发,以往只堵不疏的“专项整治”显然已不是政府监管和市场调节的应对之法。市场先行,法律跟进,网约车新规的出台可谓正当其时,也是大势所趋。

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By King & Wood Mallesons

The tax treatment of carried interest – the profit share used to reward successful fund managers – has been a hot topic in the private equity and venture capital industry for some time and, as the industry has expanded globally, many jurisdictions have been grappling with the question of how to treat it. Some have laid down specific rules or guidance which, therefore, now sit alongside the commercial and regulatory landscape as a factor influencing fund and fund manager choice of domicile. Governments are clearly well aware of that competitive tension.

In the US, the debate has rumbled on for years; proposals are periodically brought forward to tax carried interest as income, but to date none has ever been enacted. That debate reared its head again on the presidential campaign trail, with both Republican and Democratic nominees criticising the current rules, to the concern of the US private equity and venture capital industry. It may be that the new president takes another look at this issue, but is likely to face as many challenges in getting changes agreed by Congress as their predecessor. On the other hand, there has been a sharper focus in the US (as in the UK) on other aspects of private equity executive compensation, in particular management fee waivers which have been used to fund co-investment.

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