By Li Yongmei of King & Wood’s Dispute Resoluton Group

The PRC Civil Procedure Law ("Old Law"), which was promulgated by the seventh National People’s Congress of People’s Republic of China ("NPC") and became effective on April 9, 1991, was amended for the first time on October 28, 2007 on the 13th session of the Standing Committee of the 10th NPC. The amendments to the Old Law ("New Law") came into effect on April 1, 2008. The New Law will reconcile the conflicts of the retrial system and civil enforcement system during the implementation of the Old Law. Also, the amendment have been coordinated with the PRC Enterprise Bankruptcy Law effective as of June 1, 2007, by deleting the chapter titled "Bankrupt Procedures of Enterprise Legal Person".

Continue Reading Perfection of Civil Retrial and Enforcement & Consistency among Laws — Amendments to PRC’s Civil Procedure Law

By Ding Liang of King & Wood’s Corporate Group

A non-compete clause prohibits one party from competing in the same type of business as the other party for a specified period, within a specified geographical area, and is usually included in joint venture agreements, distribution agreements, OEM contracts, licensing agreements, and many other kinds of commercial agreements.

Continue Reading The Interplay of Non-compete Covenants under the PRC Anti-monopoly Law

作者：丁亮 金杜律师事务所公司组律师

     不竞争条款禁止一方当事人在特定时间、特定地域内就相同类型的业务与他方竞争，该类条款被广泛运用在合资合同、分销合同、OEM合同、授权协议等商业合同中。

Continue Reading 面对《反垄断法》不竞争条款将何去何从?

作者：李锦南 金杜律师事务所融资组合伙人 潘烨 金杜律师事务所融资组律师

一、背景

     2007年10月17日，国家工商行政管理总局（以下简称“工商总局”，其当地分支机构简称“工商局”）颁布了《动产抵押登记办法》(1) （以下简称“新《登记办法》”），于颁布之日起生效。作为最近生效的《中华人民共和国物权法》(2) （以下简称“《物权法》”）的实施措施，新《登记办法》取代了工商总局于1995年颁布的《企业动产抵押物登记管理办法》(3) （以下简称“原《登记办法》”）。

     本文对新《登记办法》与原《登记办法》相比具有的重要特征进行介绍。

Continue Reading 动产抵押登记新规定

By Li Jinnan and Pan Ye of King & Wood’s Finance Group

I. Background

On October 17, 2007, the State Administration of Industry and Commerce ("SAIC" and its local counterpart "AIC") issued the Rules on Registration of Mortgage over Movable Properties ("New Rules")(1) , which came into force on the same day. As an implementation of the recently effective Property Right Law of the People’s Republic of China ("Property Law")(2) , these New Rules supersede the previous Rules on Registration of Mortgaged Movable Properties issued by SAIC in 1995 ("Old Rules")(3) . We herein set out an introduction on the key features of the New Rules in comparison to the Old Rules.

Continue Reading New Rules on Perfection of Mortgage over Movable Properties

作者：刘志刚 金杜律师事务所融资组合伙人 吕膺昊 金杜律师事务所融资组律师

一、背景介绍

     中国银行间市场交易商协会（NAFMII，“协会”）是由银行间市场交易商组成的自律组织，成立于2007年8月底，其业务主管部门为中国人民银行（“人民银行”）。2007年10月12日，协会根据人民银行的授权公布了《中国银行间市场金融衍生产品交易主协议（2007年版）》，该文本包括《中国银行间市场金融衍生产品交易主协议》（“《主协议》”）及《中国银行间市场金融衍生产品交易主协议补充协议》（“《补充协议》”）、《履约保障品文件》及《履约保障品文件补充协议》、《中国银行间市场金融衍生产品交易定义文件》(1)（以下统称为“《衍生产品主协议》”）。《衍生产品主协议》是银行间市场参与者从事场外金融衍生产品交易的规范、标准文本。(2)

Continue Reading 《中国银行间市场金融衍生产品交易主协议》发布

By Liu Zhigang and Lv Yinghao of King & Wood’s Finance Group

I. Background Introduction

On October 12, 2007, the National Association of Financial Market Institutional Investors ("NAFMII"), a self-regulatory body newly formed in late August of 2007 for Chinese inter-bank market players and operating under the direction of the People’s Bank of China ("PBOC"), was authorized by PBOC to release the standardized Master Agreement and its supplemental documents including the Schedule, the Performance Collateral Annex and the Definitions(1) (collectively the "Master Agreement and Supplements"). The Master Agreement and Supplements are intended to serve as a uniform documentation basis for the inter-bank market participants in financial derivatives transactions amongst them.

Continue Reading Inter-Bank Market Financial Derivatives Master Agreement Promulgated

作者： 张天慧 金杜律师事务所出版部

   《中华人民共和国城乡规划法》已由中华人民共和国第十届全国人民代表大会常务委员会第三十次会议于2007年10月28日通过，并自2008年1月1日起施行，《中华人民共和国城市规划法》将同时废止。《中华人民共和国城乡规划法》的颁布之前，中国的城乡规划由《城市规划法》和《村庄和集镇规划建设管理条例》对城乡规划分而治之，并各自适用不同的原则。《中华人民共和国城乡规划法》的颁布，意味着我国“一法一条例”的城乡二元规划管理制度(1) 的终结，进入城乡一体化规划时代。

Continue Reading 城乡规划一体化时代的到来—-解读《中华人民共和国城乡规划法》

By Zhang Tianhui, Editor of King & Wood’s Publication Group

The Urban and Rural Planning Law of the People’s Republic of China ("Urban and Rural Planning Law") was adopted at the 30th Meeting of the Standing Committee of the 10th National People’s Congress on October 28, 2007, and became effective on January 1, 2008. The City Planning Law of the People’s Republic of China is abolished simultaneously. Previously, urban and rural plans were governed by different laws, namely, the City Planning Law governed urban areas and the Administrative Regulations on the Country and Township Construction Plans governed rural areas.(1) This division of governance was commonly referred to as "one law and one regulation". As separate systems of plans, the one law and one regulation contained their own respective principles. The Urban and Rural Planning Law, addressing both urban and rural planning, ends an era of one law and one regulation and starts an era of uniform urban and rural planning.

Continue Reading New Year and New Plans — Urban and Rural Planning Law Effective January 1, 2008