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By Jiao Hongbin  King & Wood Mallesons’ Intellectual Property Group

On March 31, 2012, the National Copyright Administration of the PRC (NCAC) released the Draft Amendments to the Copyright Law of thePRC (the “Copyright Law”) (the “Draft Amendments”) and the Brief Explanations on the Draft Amendments (“Brief Explanations”)[i] for soliciting public opinions. Unlike the two previous revisions, the Draft Amendments proposed by China on its own initiative are home-grown. 

The prevailing Copyright Law was adopted by the 7th Standing Committee of the National People’s Congress (NPC) on September 7, 1990 and became effective on June 1, 1991. Two revisions in 2001 and 2010 were undertaken in light of China’s involvement with the World Trade Organization (WTO). The first revision was made for China’s entry into the WTO, where modifications and complements were made to coordinate the inconsistencies between the Copyright Law and the Trade-Related Aspects of Intellectual Property Rights (TRIPS); two articles were revised in 2010 with an aim to enforce a WTO panel ruling on the dispute over intellectual property rights (“IPRs”) between China and the United States.Continue Reading Key Disputable Issues regarding the Draft Amendments to China Copyright Law

By Huang Tao and Dai Yue  King & Wood Mallesons’ Dispute Resolution Group

Lacking knowledge of and exposure to China’s judicial and arbitrational system, foreign companies usually worry about dispute resolution clauses more than any other clause in a contract. Deciding which arbitration tribunal and what arbitration rules to specify becomes a sensitive and important aspect of contract negotiations for wholly foreign owned entities (“WFOE”) and cooperative joint ventures (“CJV”).

I．     Choice of Arbitration Tribunal

Contracts in which one party is a foreign entity will contain foreign elements, allowing the parties to choose their jurisdiction without restriction under PRC law. The parties to such a contract may decide at their discretion whether to choose an arbitration tribunal within China or in another country, or resort to ad hoc arbitration to resolve disputes.Continue Reading Forum Shopping in China: CIETAC vs. UNCITRAL

By Susan Ning,Liu Jia and Hazel Yin

On 3 May 2012,China’s Supreme People’s Court issued the Rules of the Supreme People’s Court on Several Issues Concerning the Application of Law in Hearing Civil Cases Caused by Monopolistic Conduct ("Rules").The Rules contain 16 articles covering standing of plaintiffs,jurisdiction,burden of proof,evidentiary rules,expert witness,the judicial process, form of civil liabilities and the statute of limitations.The Rules entered into force on 1 June 2012.

Compared to the draft Rules released last year for public comments ("Draft Rules")1,the Rules contain fewer articles and remain silent on a few issues that were previously addressed in the Draft Rules.This article discusses the major provisions in the Rules.Continue Reading Supreme Court of China Issues Judicial Interpretation Governing Private Antitrust Litigations

By Zhang Yi, Alan Du and Hu Xia  King & Wood Mallesons’ Corporate Group Shanghai Office

Recently, it was reported by various media sources that the National Development Reform Commission (NDRC) had issued certain policies requiring an RMB fund (the ‘FIE GP Fund’) with a foreign invested enterprise (the ‘FIE’) acting as the general partner (the ‘FIE GP’) and domestic investors (exclusive of FIEs established in China) acting as limited partners to be regarded as a foreign investor. Being defined as a foreign investor means that the portfolio investments of such a FIE GP Fund shall be subject to foreign investment approvals, which are read by the public as referring to the approvals from the Ministry of Commerce or its local counterpart (MOFCOM).

International private equity firms often structure their RMB funds in the form of FIE GP Funds, as a result this news caused great concern among them because their RMB funds will be defined as offshore funds in regard to making portfolio investments and as a result there will probably be little chance of raising new RMB funds in the form of FIE GP Funds.
Continue Reading NDRC reply on RMB Fund with FIE GP

By Renee Gu  King &  Wood Mallesons’ Dispute Resolution Group

This article continues to discuss The Legal System and Civil Procedure for Commercial Dispute Resolution in Hong Kong. The first part of this article was published on Chinalawinsight on May 2012.

VIII．Summary Judgment

As an alternative to resolving a dispute by way of a full trial, it may be an option to apply for a summary judgment. The purpose of the summary judgment is to give judgment before trial to a plaintiff, where the defendant has no defence to the claim[i].
Continue Reading The Legal System and Civil Procedure for Commercial Dispute Resolution in Hong Kong (Part II of II)

By Renee Gu  King &  Wood Mallesons’ Dispute Resolution Gourp

I．Introduction

Commercial disputes are inevitable in the commercial world. It is often crucial to find the most cost-effective and expeditious way to resolve the dispute.

Hong Kong is Asia’s most international city with a vibrant and cosmopolitan community where East meets West, the key attributes of which include a level playing field for entrepreneurs of all nationalities; an educated and skilled workforce; an unrivalled location as the gateway to China; the rule of law being upheld and respected by a clean government; low taxes funding world class infrastructure; a free flow of information; and international lifestyle[i].Continue Reading The Legal System and Civil Procedure for Commercial Dispute Resolution in Hong Kong (Part I of II)

By Susan Ning and Hazel Yin

On May 19, 2012, MOFCOM cleared, with conditions, Google’s acquisition of Motorola Mobility ("Motorola"), a USD 12.5 billion deal and the largest ever in Google’s M&A history.  The deal was announced in August 15, 2011 and obtained unconditional approval from the United States’ Department of Justice and the European Commission in February 2012.  This article outlines the major points of MOFCOM’s conditional clearance decision of the Google/Motorola deal  ("Decision").Continue Reading MOFCOM Cleared Google/Motorola Deal with Conduct Remedies

By Ariel Ye and James Rowland   King & Wood Mallesons’ Dispute Resolution Group

I.        Challenging the award in the place of arbitration

Achieving a favorable arbitral award is sometimes the easy part of the dispute resolution process. Where the successful party is awarded money damages and the unsuccessful party resists payment, the successful party will still need to take further steps to actually obtain the money awarded. Each step will present the unsuccessful party with another opportunity to resist or delay payment.

Even before arriving at enforcement proceedings, there is a threshold opportunity for the award debtor to prevent the award creditor from securing its remedy: by challenging the award, usually in an ‘action to set aside’, before the national courts in the place of arbitration.Continue Reading Should Arbitral Awards That Have Been Set Aside Be Enforced in a Different Jurisdiction?

By Huang Xuhua  Sau-Wing Mak  Kevin Tong  King & Wood Mallesons’ Corporate Group

Background

As part of China’s commitment to foster the development of the offshore RMB bond market in Hong Kong, the National Development and Reform Commission (“NDRC”) published the “Circular on the Matters relating to the Issuance of RMB Bonds in Hong Kong by Onshore Non-financial institutions” (the “NDRC Circular”) on 2 May 2012. The Circular is a sequel to the “Interim Measures for the Administration of the Issuance of RMB Bonds in Hong Kong by Onshore Financial Institutions” published by the NDRC in June 2007 which regulate the issuance of RMB bonds in Hong Kong by onshore financial institutions (the “2007 Measures”).

Prior to the publication of the NDRC Circular, approvals for onshore PRC non-financial institutions to issue RMB Bonds in Hong Kong have been granted on a discretionary basis. In November last year, Baosteel Group Corporation became the first PRC corporate to issue RMB bonds in Hong Kong. Late last month, one metals and mining company and three state-owned power plant operators, namely China Minmetals, Guangdong Nuclear Power, Huaneng Power and Datang Power , were granted approvals by the NDRC to issue RMB bonds in Hong Kong. The significance of the NDRC Circular is that it formalises the approval process and stipulates the regulatory framework for onshore PRC non-financial institutions to issue RMB bonds in Hong Kong.Continue Reading New NDRC rules facilitate the issuance of RMB Bonds in Hong Kong by PRC non-financial institutions

By King & Wood Mallesons’ Trademark Group

Recently, GreenTree Inn Hotel ("GreenTree"), an economy hotel chain that owns over 450 chain hotels in almost 150 cites in China, brought a lawsuit against a local hotel named "Green Home Business Hotel" ("Green Home"), which is located in the Yanchen City, Jiangsu Province, for the alleged trademark infringement and unfair competition. GreenTree’s mark in actual use, namely,  , consists of three parts, an oak tree device and the English of "GreenTree Inn" in an eclipse and Chinese Tradename of the hotel "格林豪泰" below the eclipse. In fact, in the four-character Chinese Tradename of GreenTree, only the first two correspond to "Green" in sound and the latter two are irrelevant to the word "GreenTree Inn" in either sound or concept, which pronounce "Hao" and "Tai", meaning "Generous" and "Peaceful", respectively.Continue Reading “Green Home” Accused of Being Copycat of “GreenTree Inn”