一、股东在破产清算中的地位和权利
破产清算是指在债务人丧失偿债能力时，经利害关系人的申请，在人民法院的主持下，强制执行债务人的全部财产，公平清偿全体债权人的法律程序或制度。
重整与破产清算有许多相同之处：第一，二者性质相同，同为特别程序而非一般民事诉讼程序；第二，二者均体现了债权人公平清偿这一原则；第三，两种程序的开始均以申请为原则；第四，程序开始后的效果是一致的，即与债务人财产有关的一切民事诉讼程序及执行程序中止；第五，程序开始的原因都有债务人不能清偿到期债务。 Continue Reading 股东在公司重整中的法律地位——公司重整制度中的股东权益系列三
股东作为债务人的出资人，在公司进入重整的情况下，股东与债权人的利益冲突异常尖锐，股东的地位较重整前受到严重冲击。然而，重整程序中股东的地位与破产清算中股东的地位又有着很大的区别。股东法律地位的变化导致了具体的股东权的变化。
一、重整前股东依据公司法享有的地位和权利
股东权是基于股东资格而依法享有的权利。通常包括：重大事项表决权；选举公司董事权、监事权；管理监督权；分派股利权；优先认股权；股份转让权；剩余财产分配权等。根据股东平等原则，任何股东均享有股东权，非依法律和章程规定，任何人不得予以剥夺。但是，股东地位平等并非其权限大小完全相同。 Continue Reading 股东权在公司重整程序中面临诸多限制——公司重整制度中的股东权益系列二
By Susan Ning, Kailun Ji and Kate Peng
Although the antimonopoly enforcement in China is still in its formative years, the significant progress made by China’s antimonopoly regulators has brought about far-reaching impacts on companies doing business in China. Recently, the three anti-monopoly regulators, i.e. the National Development and Reform Commission (“NDRC“), the State Administration for Industry and Commerce (“SAIC“) and the Ministry of Commerce (“MOFCOM“) published their latest enforcement achievements, and NDRC for the first time disclosed its case volume to the public.
Continue Reading Chinese antitrust regulators provided updates on their enforcement activities
By Susan Ning, Liu Jia and Kate Peng
China’s famous producers of premium liquor, Kweichow Moutai Co Ltd. (Maotai) and Wuliangye Group Co., Ltd. (Wuliangye) recently announced that they would correct their behaviors suspicious of AML violation. The corrections were said to be made after the companies being “inspected” by the National Development and Reform Commission (“NDRC”) and the relevant provincial pricing administration. It has been the hottest topic on China’s Anti-monopoly Law (the “AML”) after the resounding LCD panel case closed by NDRC in early this month.
Maotai and Wuliangye are both famous Chinese premium liquor brands and the price of their products is relatively high in tradition. In early January, the companies issued notices respectively announcing punishments on the distributors who sold their products at a price below the lowest resale price set by the companies. Maotai also punished the distributors who made cross-regional sales. It is reported that the chairman of Maotai even stated in a recent countrywide distributor meeting that the retail price of Feitian Maotai can not be less than 1,519 yuan and the price of group-purchase can not be less than 1,400 yuan, and that Moutai would sternly punish those who breach the price “fortress”. Continue Reading NDRC Say No to Resale Price Maintenance – Company should be Cautious on Pricing Strategy
By Mark Schaub, Sun Liang, Wang Ni and Melanie Stoeckert King and Wood Mallesons’ Corporate Group
On 17 December 2012 the Chinese Ministry of Commerce (“MOFCOM”) promulgated the Guiding Opinions on Promoting Brand Consumption in China (the “Opinions”). The Opinions are not particularly interesting for what they do but for what they signal as to MOFCOM’s attitude towards brands, and in particular the importance placed upon the building and developing of Chinese brands.
The main concepts embodied in the Opinions are as follows:
Brands Matter
It is clear on a number of fronts, that the Chinese authorities are not content with China being relegated to producing for foreign brand owners or for producing no-name brand products. Continue Reading Go Forth and Build Brands in China
By Jiang Junlu and Jin Shan King and Wood Mallesons’ Labor & Employment Group
We receive a bunch of unwanted text messages, email spam, commercial calls and mail solicitations every day. All of a sudden, our identities and personal contact information are exposed in public, used by some individuals and institutions for illegitimate purposes with our permissions. We are all the victims of their illegalities.
On December 28, 2012, the Decision regarding Strengthening the Protection of Internet Information (the “Decision”) was passed by the Standing Committee of the National People’s Congress, which was implemented on the same date. The era of online information protection begins. Continue Reading How to Protect Our Online Personal Information
By Jiang Junlu and Jin Shan King and Wood Mallesons’ Labor & Employment Group
Li, employed by a labor dispatch service provider, has been working at Company A for over 9 years. However, he only works at the accepting company as a dispatched employee, whose wage and remuneration are quite different from the ones of regular staffs.
On December 28, 2012, the Decision Regarding the Modification of Employment Contract Law (the “Decision”) was passed by the Standing Committee of the National People’s Congress, which will be implemented on July 1, 2013. From then, Li’s life will be significantly improved. Continue Reading The Trend of Labor Dispatch in China
【美】罗伯特•N•威尔金著，王俊峰 译 北京大学出版社出版
“了解过去，才能把握未来。——迪克雷利”
法律职业“从哪里来，到哪里去”？
“我们是谁？我们能做什么？我们该做什么？我们该怎样做？”
相信每个法律职业人在执业期间或多或少产生过这样的困惑和疑问。该书是一个有着六十五年执业生涯的成熟法律人关于此问题的深入思考，他带着读者溯源而上，到该职业的历史源流中寻找答案。这趟精神之旅，注定将是精彩纷呈的。当最终结束这趟旅程时，读者会发现，其收获的不仅是答案，而是法律职业与生俱来的自豪感和无穷的精神力量！
了解历史，励志未来，法律人不可不读！
（一）重整制度的定义
对于公司重整制度并没有一个确定而统一的定义。“重整”一词在各国法律中的称谓不同。在美国，主要规定于破产法典的第11章，被称为重整（reorganization），在法国被称为司法重整（judicial settlement），在日本被称为“更生”或“再生”，在英国被称为管理程序（administration）。在德国，新的支付不能法没有关于重整制度的单独规定，而是采用单一的破产程序。
我国学者对“重整”概念的解读不同。有学者认为，重整是股份有限公司因财务发生困难，暂停营业或者有停止营业的危险时，经法院裁定予以整顿而使之复兴的制度。[i]有的学者认为，重整是指对已具破产原因或有破产原因之虞而又有再生希望的债务人实施的旨在挽救其生存的积极程序。 Continue Reading 公司重整制度的定义和特征——公司重整制度中的股东权益系列一
金杜博客节选金杜律师事务所合伙人郑志斌律师和张婷律师著作《公司重整制度中的股东权益问题》的精彩主题进行连载。
随着中国新破产法的实施，一个旨在挽救困境公司的重整制度开始在中国正式建立。重整制度是一种积极的拯救制度，以“促进债务人复兴”为目标，坚持“维护社会利益”的价值取向，更新了破产法的观念和结构，与破产清算、和解一起构成现代破产制度的三大基石。 Continue Reading 公司重整制度中的股东权益系列博客——导语
