By Zhang Shouzhi Li Xiang and Zhang Mei King and Wood’s International Trade  Group

As the third-largest trading nation in the world, China’s import and export volume increases significantly year by year, among which, certain percentage of transactions relates to import and export of large-sized complete set equipment. Compared with common commodity trading, large-sized complete set equipment trading are much more complicated, involving commercial, technical, legal and financial issues relating to not only commodity trade but also intellectual property protection and services. In addition, large-sized complete set equipment are normally expensive amounting to tens and even hundreds of millions of dollars and such equipment can be crucial for the production and business operation of an enterprise. Thus, any disputes if not resolved successfully may lead serious consequences.

Continue Reading Legal Issues in Contracts for Sale of Large-sized Complete Set Equipment (Part I of II)

作者:张守志 张梅 李响 金杜律师事务所国际贸易

作为世界第三大贸易国家,随着经济的发展和技术的进步,中国的进出口额逐年大幅增加。其中,大型成套设备进出口占了相当比重。与一般国际货物贸易相比,大型成套设备贸易集货物贸易、知识产权及服务贸易于一体,商务、技术、法律、金融问题互相交织,其复杂性格外突出。加之大型成套设备往往价格昂贵,动辄就以千万美元甚至上亿美元计,对企业的正常生产经营活动至关重要。因此,大型成套设备买卖一旦发生纠纷,不仅法律难点多,而且如果不能妥善解决,后果也将十分严重,故此应当格外予以重视。

结合大型成套设备买卖通常易发生的法律纠纷,重点应关注以下几方面:

Continue Reading 大型成套设备买卖合同中的法律问题(一)

By King & Wood’s Trademark  Practice

Trademarks should be registered wherever the products that carry those trademarks go. This has become a motto for exporters in Yixing. According to preliminary statistics conducted by local authorities, over 200 trademarks have been registered abroad, and the number of such trademark owners increase from 10 to more than 20 in Yixing.

Continue Reading Yixing: Over 200 Trademarks Registered Abroad

金杜律师事务所破产、重组和清算

中国证监会于2011年1月发布了5个并购重组法律适用意见,内容包括上市公司严重财务困难认定、要约豁免申请条款选用、二级市场收购的完成时点、拟购买资产存在资金占用问题、上市公司在12个月内连续购买、出售同一或者相关资产的有关比例计算等。

中国证监会有关部门负责人表示,这些法律适用意见就市场参与主体对《上市公司收购管理办法》、《上市公司重大资产重组管理办法》有关法律理解上可能存在不一致的问题加以明确,并以证监会公告的形式对外发布,体现其严肃性和法律效力。

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Continue Reading 证监会发布五个并购重组法律适用意见

By Yuan Min and Li Wenzhi  King & Wood’s Insurance Group

In order to regulate transfers of insurance business by insurance companies, the China Insurance Regulatory Committee (CIRC) recently issued the Provisional Measures on Administration of Insurance Business Transfers by Insurance Companies (the "Measures"), which will become effective on October 1, 2011.

"Transfers of insurance business" refers to when an insurance company decides to transfer all or part of its insurance business to another insurance company through mutual consultation and negotiation. This transfer mechanism is a way for insurance companies to voluntarily exit from the insurance market.  The Measures do not apply to the following circumstances: (i) an insurance company that engages in the life insurance business and is transferring its insurance business as a result of being closed down or being declared bankrupt; (ii) an insurance company that fails to meet the prescribed solvency requirements and is forced by the regulatory committee to transfer its insurance business; and (iii) an insurance company in the reinsurance business.

Continue Reading Not Your Average Assignment of Contracts: New Provisional Measures Governing Transfers of Insurance Business

作者:袁敏、力文智 金杜律师事务所保险组

为规范保险公司保险业务转让行为,保监会近日颁布了《保险公司保险业务转让管理暂行办法》(以下简称《办法》),并将于2011年10月1日正式实施。

保险公司的保险业务转让,是指保险公司在平等协商基础上将其经营的全部或者部分保险业务自愿转让给其他保险公司的行为。保险业务转让制度是保险市场退出机制的重要组成部分。经营有人寿保险业务的保险公司在被撤销或者破产情形下发生的保险业务转让,因偿付能力不足而被监管机构强制要求的保险业务转让,以及再保险业务,都不适用该《办法》。

Continue Reading 保监会颁布保险公司保险业务转让管理暂行办法

By King & Wood’s Trademark  Practice

Recently, Beijing First Intermediate People’s Court has accepted an administrative lawsuit lodged by LOUIS VUITTON MALLETIER (the "Plaintiff"), against the China Trademark Review and Adjudication Board ("TRAB") with respect to its decision regarding the trademark "LV and 郎人LANGREN" (the "Mark") applied for by a local private company of "eyeglass chains, etc." in Class 9.

Continue Reading LV is not Well-Known?

By Susan Ning and Huang Jing

On 21 September 2011, Mr. Shang Ming, Director General of MOFCOM’s Anti-Monopoly Bureau revealed the yearly merger control statistics at the BRICS International Competition Conference 2011 held in Beijing.

According to Mr. Shang, the merger control statistics for 2008, 2009 and 2010 are as follows: 

     Case numbers
 
 
  Year Cleared without conditions  Cleared with conditions 

Rejected
 

2008                           16                          1         0
2009                           75                         4        1
2010                           116                         1        0

 

Continue Reading MOFCOM Revealed Yearly Merger Control Statistics

By Susan Ning and Huang Jing

On 21 September 2011, Mr. Shang Ming, Director General of MOFCOM’s Anti-Monopoly Bureau revealed the most recent legislative plan of MOFCOM’ at the BRICS International Competition Conference 2011 held in Beijing.

According to Mr. Shang, MOFCOM will promulgate 3 new rules on merger control within this or next year. The 3 new rules are: Rules on Imposing Restrictive Conditions on Concentration of Operators (the "Rules on Remedies"), Rules on the Investigation and Handling of Violation of Notification Obligations for Concentration of Operators (the "Rules on Violation of Notification Obligations"), and Rules on the Investigation and Handling of the Concentration of Operators below the Notification Thresholds with Monopoly Suspicion (the "Rules on Mergers Below Thresholds").

Continue Reading MOFCOM to Promulgate Three New Rules on Merger Control

By Xu Xiaodan King & Wood’s Labor Group

The Provisional Measures on Social Insurance for Foreigners Working in China (the "Provisional Measures ") were issued on September 6, 2011 by the Ministry of Human Resources and Social Security and will come into effect on October 15, 2011. The Provisional Measures provide more specific rules on the requirement that foreigners working in mainland China should participate in the PRC social insurance scheme as stipulated in the PRC Social Insurance Law (promulgated on August 28, 2010, and came into effect on July 1, 2011). The Provisional Measures serve as a supplement to the provisions of the PRC Social Insurance Law.

Highlights:

Continue Reading Shared Benefit or Shared Burden? Provisional Measures on Social Insurance for Foreigners Working in China