McMillan is a leading business law firm serving public, private and not-for-profit clients across key industries in Canada, the United States and internationally. With recognized expertise and acknowledged leadership in major business sectors, we provide solutions-oriented legal advice through our offices in Vancouver, Calgary, Toronto, Ottawa, Montréal and Hong Kong. Our firm values – respect, teamwork, commitment, client service and professional excellence – are at the heart of McMillan’s commitment to serve our clients, our local communities and the legal profession.
In late November 2016, following speculative reports of
increased restrictions on capital outflows, four Chinese government
agencies, including National Development and Reform Commission
(NDRC), Ministry of Commerce (MOFCOM), State Administration of
Foreign Exchange (SAFE) and People's Bank of China (PBOC)
issued a joint statement which stated that outbound investment
deals will be subject to strict reviews. The statement was followed
by further communication from SAFE, and other developments to slow
renminbi (RMB) outflows...
The foregoing provides only an overview and does not
constitute legal advice. Readers are cautioned against making any
decisions based on this material alone. Rather, specific legal
advice should be obtained.
