By Wu Ye King & Wood Mallesons’ Shenzhen office.
It is understandable that the Standing Committee of the National People’s Congress (“NPC”) chose to issue its Decision to Revise the Wholly Foreign-owned Enterprises Law (“Decision”) on September 3, 2016. It has been more than 18 months since the Foreign Investment Law
By Michael Lawson and Ben Bradstreet.King & Wood Mallesons
International interest in Iran’s reform of foreign investment in the oil and gas sector has grown during the last nine months, as was no doubt hoped for when the principles underpinning the reforms were first announced in November 2015. Details about the reforms are scarce. However
ByMalcolm Brennan and Alison Black King & Wood Mallesons’Canberra Office
T
he Treasurer, through the Foreign Investment Review Board (FIRB), has been given additional power to scrutinise the sale of critical infrastructure assets to private foreign investors, with a clear focus on national security.
The changes to the Foreign Acquisition and Takeovers Regulation 2015
By Malcolm Brennan, Paul Schroder, Jin Xiong and Michael Ting King & Wood Mallesons
T
he Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015 (“FATLA Bill”) is currently before the Australian Senate as part of a package of reforms to Australia’s foreign investment framework set to be introduced on 1 December
By Malcolm Brennan and Intan Eow King & Wood Mallesons
The 
Foreign Investment Regime continues to be the centre of attention. The reform package is currently before the Federal Parliament and is expected to commence 1 December. The package is very much about the Good, the Bad and the Ugly.
A lot of
By Gao Chunkai Tang Siyu King&Wood Mallesons’ Foreign Investment Group
Introduction
The China Banking Regulatory Commission (CBRC) has released a new version of the “Rules for the Implementation of the Administrative Regulations of the People’s Republic of China on Foreign-invested Banks” (“Implementing Rules”), which will take effect on 1 September 2015.
The new Implementing Rules
By King & Wood Mallesons
Welcome to read Dial into China – Insights for investing in China telecommunication produced by the global law firm King & Wood Mallesons. This brochure summarises the main changes to the rules for foreign investment in telecommunications in China as a result of the establishment of Shanghai’s pilot Free Trade
By Xuhua Huang and Ouou Bao King&Wood Mallesons
Since 1995, the PRC government has published catalogues for the guidance of foreign investment industries (Catalogues) once every three to four years. Each Catalogue has reflected the direction of China’s economic development and foreign investment industries.
On 10 March 2015, the National Development and Reform
By Xu Ping Iris Feng and Feng Yuan King & Wood Mallesons’ Mergers & Acquisitions Group
On April 9, 2015, the State Council officially promulgated the Decision on the Bank Card Clearing Agencies Access Management (《关于实施银行卡清算机构准入管理的决定》) (the“Decision”), which will come into effect on June 1, 2015.
As a response to a WTO ruling that China must open its bank card clearing market, the long awaited Decision announces the opening of market to both domestic and foreign players. As a result, China UnionPay, the only domestic bank card clearing agency for decades, will usher competitors, including international card companies, banks, as well as domestic third party payment agencies, who will be able to operate RMB-denominated bank card clearing business in the People’s Republic of China (the “PRC” or “China”).
Continue Reading New Bank Card Clearing Rules Heralds a Post-UnionPay Era
By King & Wood Mallesons Oil & Gas Team
The Catalogue of Industries for Guiding Foreign Investment (2015 Revisions) (NRDC & MOFCOM Order No. 22) (《外商投资产业指导目录（2015年修订）》〔国家发展和改革委员会、商务部令第22号〕) (“2015 Catalogue”), issued by the National Development & Reform Commission (“NDRC”) and the Ministry of Commerce (“MOFCOM”), takes effect April 10, 2015, and revises some investment categories affecting the oil & gas sector. Among these revised categories are those affecting investments involving enhanced oil recovery technology (“EOR”), as well as seismic companies, drilling contractors and well service providers. In addition, other changes appear to further clarify that investments into shale and other unconventional oil & gas projects are governed by the same rules and restrictions as those applying to conventional oil & gas investments.
Continue Reading Changes to PRC FDI policy affecting the oil & gas industry
