随着中国企业整体实力的大幅提升，中国企业到境外投资并购越来越频繁，交易规模也越来越大。境外投资并购有两个关键词，一个是“价值”，一个是“风险”。只有创造和保持价值的同时，又能规避和防范风险，并购交易才能够成功。所以我今天演讲的题目是:中国企业到海外并购的法律风险，特别是董事高管们必须了解的重大风险。
Liabilities Faced by SOE Senior Management
By King & Wood Mallesons’ Compliance Team
Many of our clients have expressed concern about the legal liabilities faced by senior management of state owned enterprises (“SOE”). As defined by law, senior management of an SOE generally includes legal representatives, directors, supervisors, and other employees classified as senior management. As these employees have special status and responsibilities, they may in certain circumstances bear criminal, civil, administrative or economic liability for their own acts or those of the SOE. Continue Reading Liabilities Faced by SOE Senior Management
国有企业领导责任体系
作者：金杜律师事务所合规业务组
国有企业领导人的相关法律责任一直以来是我们众多客户所关注的问题。本篇简讯就此问题与大家分享。根据相关法律规定，企业领导人员一般包括：法定代表人、董事、监事和高级管理人员。由于企业领导人员的特殊身份和职责，其可能会在特定情况下就企业的行为或其个人的行为承担相应的刑事、民事、行政或经济责任。 Continue Reading 国有企业领导责任体系
“Notice Forbidding Medical Institutions and Their Staff from Marketing and Promoting Breast-milk Substitutes” Summary
By King & Wood Mallesons’ Compliance Group
On September 16th，CCTV reported that in order to achieve long-term profits, many milk companies had bribed doctors and nurses. This was done without the knowledge of parents so that hospitals would feed newborn babies with the companies’ milk powder to make the babies dependent on it. On September 17, in order to solve this problem, the National Health and Family Planning Commission circulated a notice forbidding medical institutions and their staff from marketing and promoting breast-milk substitutes. The notice states that the “Mothers and Infants Health Law of the People’s Republic of China” and its implementing regulations, “Rules on the Marketing of Breast-milk Substitute,” should be implemented strictly. To the extent that medical institutions and their staff market or promote breast-milk substitutes, they will be sternly punished according to the law. Continue Reading “Notice Forbidding Medical Institutions and Their Staff from Marketing and Promoting Breast-milk Substitutes” Summary
《关于严禁医疗机构及其人员推销宣传母乳代用品的通知》概要
作者：金杜律师事务所合规组
中央电视台16日披露，为了达到长期牟利的目的，相关奶粉企业通过贿赂医生和护士，在家长不知情的情况下，让医院给初生婴儿喂自家品牌的奶粉，使孩子对某种奶粉产生依赖。针对这一问题，国家卫生计生委办公厅于9月17日发出关于严禁医疗机构及其人员推销宣传母乳代用品的通知，要求严格执行《母婴保健法》及其实施办法、《母乳代用品销售管理办法》等规定，严禁医疗机构及其人员推销宣传母乳替代品，对违反规定的机构和人员将依据有关规定从严查处。 Continue Reading 《关于严禁医疗机构及其人员推销宣传母乳代用品的通知》概要
资产证券化进行时——银行开展信贷资产证券化的具体问题解答
2013年8月28日，国务院总理李克强主持召开国务院常务会议，指出“要在实行总量控制的前提下，扩大信贷资产证券化试点规模。优质信贷资产证券化产品可在交易所上市交易，在加快银行资金周转的同时，为投资者提供更多选择” 。随着信贷资产证券化常态化工作的稳步推进，作为银行重要资管手段、代表未来发展方向的信贷资产证券化正受到银行、证券公司、基金子公司、信托机构等各方越来越多的关注，那么，银行该如何开展信贷资产证券化的相关工作，在此过程中需要关注的具体法律问题又有哪些？ 本文以问答的形式针对银行信贷资产证券化业务过程中可能遇到的具体问题作出简要说明。 Continue Reading 资产证券化进行时——银行开展信贷资产证券化的具体问题解答
Who Can Initiate Class-action Lawsuits under the Draft Environmental Protection Law?
By Harry Du and Thomas McGinn King & Wood Mallesons’ M&A Group
At the end of October 2013, the Standing Committee of China’s National People’s Congress (NPC) finalized the third draft of amendments to China’s Environmental Protection Law (《环境保护法修正案（草案）》).
In light of the extensive debate so far, many speculate that the Law will undergo a fourth draft before the New Environmental Protection Law enters into force[1]. Such changes would constitute the first amendment to the Law since it came into force in 1989. Continue Reading Who Can Initiate Class-action Lawsuits under the Draft Environmental Protection Law?
人民币国际化概述
- 国际化货币指一国货币超出该国法定流通区域，在世界范围内自由发挥计价、流通、支付和储藏的职能，成为国际上普遍认可的结算、投资及储备货币。 Continue Reading 人民币国际化概述
外资审批与合同效力
在外资业务中，经常会遇到与审批相关的三类合同效力问题：（1）经批准而生效的外资合同，比如中外合资经营企业合同[2]、中外合作经营企业合同[3]、外商投资企业股权转让合同[4]、外商投资股份有限公司发起人协议[5]，在得到批准之前，是否具有法律约束力？（2）经批准的外资合同所作的修改或者补充协议，如果未经批准，是否具有法律约束力？（3）外资合同签署前后签署的未经批准的框架协议、备忘录等法律文件，是否具有法律约束力？
本文尝试梳理相关法律规定和司法解释，剖析常见的法律问题，最后就解决方案提出建议。 Continue Reading 外资审批与合同效力
Another “Hold-Separate” Decision of MOFCOM—MediaTek’s Acquisition of MStar is Cleared with Conditions
By Susan Ning, Kate Peng and Chai Zhifeng
On August 27, 2013, MOFCOM announced its conditional clearance on MediaTek Inc’s (“MediaTek”) 4 billion USD acquisition of MStar Semiconductor Inc (“MStar“) (the “Transaction“). This is the second “hold-separate” case since this year (the other one is Xstrata/Glencore), and the forth one in China’s merger filing history. 1 MOFCOM appears to be getting more and more confident with the “hold-separate” arrangement as a behavior remedy to address competition concerns. It is also worth to note that the parties are required to submit detailed operation plan within three months of the decision and the transaction can only be closed after the detailed operation plan is approved by MOFCOM.