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Since China started to attract foreign investment in the late 1970s, one common complaint from foreign investors has been China’s bureaucratic red tape excessive regulations that subject foreign investment to prior governmental approval, which adds cost in terms of both financial resources and time
On June 30, 2012, the National People’s Congress Standing Committee passed a new Exit-Entry Administration Law (the “Law”), which will take effect on July 1, 2013
On June 29, 2012, 13 PRC government ministries, including the National Development and Reform Commission, the Ministry of Foreign Affairs, and the Ministry of Industry and Information Technology, jointly issued Implementing Opinions on Encouraging and Guiding Private Enterprises to Make Active Investment Abroad (the “Implementing Opinions”
On June 4, 2012, the General Office of the State Council promulgated the Administrative Regulations on Foreign Labor Service Cooperation (the “Regulations”)(1), which went into effect on August 1, 2012
In 2011, a valuation adjustment mechanism (“VAM”) agreement between a private equity firm and a foreign-invested company was held invalid by the High People’s Court of Gansu
On June 27, 2012, the State Council issued its Reply of the State Council on Policies Supporting the Development and Opening-up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (the “Reply”
