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China seeks help to pursue certain foreign investors
- Dorsey & Whitney LLP
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- China
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- January 2 2009
China is seeking cooperation from foreign law enforcement establishments to help pursue foreign investors who leave the country without properly liquidating their assets and winding up their business operations in China
China passes law on the state-owned assets of enterprises
- Hogan Lovells
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- China
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- January 19 2009
Over the past three decades, China has been gradually reforming its state-owned enterprises in order to boost their efficiency and profitability
State Council issues opinion on expediting development in the service sector
- Squire Sanders
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- China
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- June 5 2007
In March 2007 the PRC State Council issued an opinion aimed at promoting the development of China’s service sector
New regulation on share repurchase by listed companies
- Paul, Weiss, Rifkind, Wharton & Garrison LLP
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- China
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- January 20 2009
On October 9, 2008, after a period of public consultation, the China Securities Regulatory Commission (the "CSRC") promulgated the Supplementary Provisions on Share Repurchase through Centralized Price Competition by Listed Company (the "Provisions") to regulate share repurchases through centralized price competition ("Share Repurchases"
MOFCOM focuses on the ETDZs as a means to revitalize the economy
- Hogan Lovells
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- China
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- May 4 2009
Serving as the "windows and bases" through which China opens itself to the outside world, the national Economic and Technological Development Zones (the ETDZs) have been powerful engines driving the regional economies around them, and have played an important role in developing China’s larger industrial structure
New Draft Measures on Overseas Investment of PRC
- Sheppard Mullin Richter & Hampton LLP
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- China
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- February 4 2009
On January 7, 2009, the Ministry of Commerce (“MOC”) published the draft of Management Measures for Overseas Investment on its website (“Draft Measures”), and its final version shall replace and invalidate the Provisions on the Examination and Approval of Investment to Run Enterprises Abroad (“Provisions”) and Notice on Printing and Promulgating the ‘Provisions on Particulars to be Ratified for Inland Enterprises to Invest in Hong Kong or Macao Special Administrative Region to Establish New Enterprises' (“Notice”), the two current key provisions dealing with oversea investment
Deepening reform of China’s economic structure in 2009
- Hogan Lovells
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- China
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- August 31 2009
On May 19, 2009, China’s State Council circulated the Opinions on Deepening Reform of the Economic Structure in 2009 (the Opinions) drafted by the National Development and Reform Commission (NDRC
Circular 130: no foreign loan to real estate FIEs established after June 1
- Squire Sanders
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- China
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- July 27 2007
In May 2007 the Ministry of Commerce (MOFCOM) and State Administration of Foreign Exchange (SAFE) jointly issued Circular 50, "On Further Strengthening and Regularizing the Examination and Approval of and Supervision Over Direct Foreign Investment in Real Estate."
PRC's Supreme People's Court permits PRC courts to modify contract terms in response to commercial risks
- Squire Sanders
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- China
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- May 27 2009
The global financial crisis has prompted the Supreme People's Court (the "Supreme Court") to release a significant ruling that authorizes PRC courts to take actions to re-allocate commercial risks that might not have been clear to the parties at the time of contract formation
The State Council solicits public opinions on rules for representative offices of foreign companies
- Hogan Lovells
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- China
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- February 24 2009
Almost six months after the Legal Affairs Office (LAO) under China’s State Council started seeking public comments on a set of draft regulations on the registration of foreign enterprises’ resident representative offices in China (Representative Offices), the regulations are still in the making
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