With
Gordon Milner,
Chuan Sun
While the law is only in draft form, its key components are consistent with other recent Chinese Internet-related regulation and seem unlikely to change materially.
With
Xiaohu Ma,
Wei Zhang
A February 2015 Morrison & Foerster client alert reported on the issuance of a new draft "FIL" that would institute far-reaching changes to the Chinese government's oversight of foreign investment.
With
Alexandra Gao,
Sherry Yin
Both MOFCOM and the National Development and Reform Commission ("NDRC") have taken steps over the last three years to simplify and streamline the regulatory framework for overseas investment.
With
Gordon Milner,
Wei Zhang
The Telecommunications Catalogue is a critical element of China's telecommunications regulatory system.
With
Marcia Ellis,
Catherine Rong,
Gregory Sin Oon Tan,
Maria Wang
Opinion 171 limited the leveraging of foreign investment in Chinese property by imposing a maximum debt to equity ratio specific to foreign-invested real estate enterprises ("FIREEs").
With
Gordon Milner
Our September 16, 2014 client alert, "Brave New World? Recent Challenges Facing Foreign IT Companies in China," discussed efforts by the Chinese government to enforce heightened network security standards.
With
Matthew Y. Lau,
Raphael Li,
Gregory Sin Oon Tan
Below is a brief summary and discussion of the application of Announcement 7, which applies to indirect transfers of PRC entities or properties by offshore investors.
With
Thomas Chou,
Charles Comey,
Marcia Ellis,
Maria Wang,
Sherry Yin
On January 19, 2015, China’s Ministry of Commerce released for public comment a draft Foreign Investment Law along with an accompanying explanatory note.
With
Hanna Abrams,
Panagiotis Bayz,
Susan Borschel,
Jing Bu,
Catherine Chapple,
Charles Duross,
Betre Gizaw,
Gordon Milner,
Tina Reynolds,
Nicholas Spiliotes,
Daniel Westman,
Bradley Wine
Although the overall number of corporate cases brought by the government under the FCPA has been lower, the amount of money the government has collected in penalties has increased significantly.
With
Jing Bu,
Gordon Milner
China’s Ministry of Industry and Information Technology issued the Guiding Opinions on Strengthening Network Security in the Telecommunications and Internet Sectors.
With
Jun Deng,
Xiaohu Ma
China’s State Council adopted a new, more permissive approach to regulation of overseas direct investment.
With
Thomas Man,
Gordon Milner,
Sherry Yin
The Ministry of Industry and Information Technology and the Shanghai Municipal People's Government on January 6, 2014 jointly issued the Opinions on Further Opening Up Value Added Telecommunication Services to Foreign Investors in China Pilot Free Trade Zone.
With
Charles Comey,
Matthew Y. Lau,
Bernie Pistillo,
Eric N. Roose
As our readers know, foreign investments into the People’s Republic of China ("PRC") are typically structured through one or more holding companies domiciled in offshore jurisdictions.
With
Daniel Levison,
Amanda Treleaven
This year has been a watershed in terms of Canada’s enforcement of its Corruption of Foreign Public Officials Act.
With
Charles Comey,
Sherry Yin,
Y. Michelle Yuan
As many of our readers are aware, the "variable interest entity" ("VIE") structure has proven popular over the past decade as a means to facilitate the offshore financing of PRC companies doing business in regulated sectors such as the Internet and value-added telecommunications.
