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A recent high-profile PRC case calls into question the enforceability of an arrangement where cash “compensation” to a financial investor from a portfolio company would be triggered if the company fails to achieve a certain net profit target
The Shanghai government is reportedly taking an initiative, called “Qualified Domestic Limited Partner” (QDLP), to allow foreign asset managers to set up wholly owned subsidiaries in China to raise RMB funds through private placement for investment in international capital markets
The Notice on Promoting the Standardized Development of Equity Investment Enterprises (the Notice) is the first state level rule to regulate the PE industry nationwide
