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Food labeling for companies manufacturing or distributing food in China

China - March 7 2015 In recent years, food safety has become a hot topic in China (PRC), and food labeling is becoming more and more heavily regulated as a result. Food...

Vicky Wang.

Countdown of China’s top legal developments of 2013

USA, China - January 22 2014 The year 2013 was a very significant year for legal developments in China. It has seen several judicial milestones, as well as many important changes...

Steven R. Wright.

PRC Supreme Court clears path for shareholders' VAM

China, Hong Kong - January 21 2013 In the past, international private equity (PE) and venture capital (VC) investors could be nervous about the fate of net profit guarantee and other...

Niping Wu.

One online shop, two websites: a post-closing analysis of the Wal-MartYihaodian transaction in the shadow of MOFCOM’s conditional approval

USA - November 28 2012 Wal-Mart has moved forward to complete its acquisition of a majority interest in the business of Yihaodian, after MOFCOM issued a conditional approval of the transaction that explicitly prohibited Wal-Mart from taking control of Yihaodian's value-added telecom business directly or through a VIE arrangement....

Steven R. Wright.

MOFCOM's conditional approval of Wal-Mart's acquisition--what does it mean for Wal-Mart and Yihaodian and for the future of the VIE structure?

China - September 27 2012 A recent MOFCOM ruling effectively allowing Wal-Mart to take a majority interest in the business of Yihaodian, but explicitly forbidding Wal-Mart from taking control of Yihaodian's value-added telecom business, including through a VIE arrangement, raises questions as to how Wal-Mart may reap synergistic value from the transaction and leaves in limbo the future of the VIE structure as a means to avoid PRC restrictions on foreign ownership in certain industries....

Steven R. Wright.