By Liu Cheng, Yu Zhenzhen, Swita Gan
Introduction
Non-compete clauses (“NCCs”) are very often included in joint venture (“JV”) contracts in the course of JV establishment. NCCs normally operate to prevent JV parties from engaging in business in competition with the JV entity, for a specified period and within a specified geographical area.
The PRC Anti-monopoly Law[i] (“AML”) came into effect in 2008, and since then PRC competition authorities have issued a number of rules and regulations in connection with the AML. However, none of these rules and regulations (including the AML itself) sets forth specific provisions regarding the regulation of NCCs in JV contracts. As such, this article considers the legality of NCCs under the AML and the basic principles for the negotiation of NCCs in JV transactions. Continue Reading Non-compete clauses in JV contracts —— An analysis from the perspective of the PRC Anti-monopoly Law




2011年8月,中国证券监督管理委员会(以下简称“证监会”)作出《关于修改上市公司重大资产重组与配套融资相关规定的决定》,对2008年5月开始实施的《上市公司重大资产重组管理办法》以下简称(“《重组管理办法》”)进行修订,开始允许上市公司在发行股份购买资产的同时,募集部分配套资金。