专业法律服务
Professional Solution
Latest Articles
(Author: Jennifer Jiang, Attorney-At-Law, PRC)
On 19 January 2015, the Ministry of Commerce of China (“MOFCOM”) released a draft version of the Foreign Investment Law (中华人民共和国外国投资法(草案征求意见稿)) (the “Draft Law”) to solicit public opinions, which if adopted, will radically change the existing regime of foreign investment including M&A transactions in the PRC.
The three existing foreign investment laws – Sino-Foreign Equity Joint Venture Law, Sino-Foreign Cooperative Joint Venture Law and Wholly Foreign-Owned Enterprise Law (the “Foreign Laws”) will be abolished upon the adoption of the Draft Law.
Highlights of Changes
De Facto Foreign Investors
The concept of “actual control” is introduced to the definition of foreign investors. That is, any Chinese entity controlled by the foreign investor(s) will itself be classified as a foreign investor.
Corporate Governance
The corporate governance inconsistencies between the general law (the Company Law, the Partnership Law and the Law on Individual Proprietorship Enterprises etc.) and the special law (the Foreign Laws and related laws) will be eliminated.
Negative List Approach for Approval
The “negative list” for foreign investment approval, already employed by the China (Shanghai) Pilot Free Trade Zone, will replace the current “Catalog of Industries for Guiding Foreign Investment”. Establishment of any entity intending to engage in the unlisted industries will no longer require approval from MOFCOM or its local branches.
Reporting Requirements
A comprehensive reporting system is introduced. The reporting obligations overlap to a great extent with those required by the Administration of Industry and Commerce.
Links: Ministry of Commerce Market Regulation IP Administration Ministry of Justice
重要链接:中央人民政府 司法部 法制办 法院网 商务部 市场监督管理局 商标局 知识产权局 版权局 公安部 发改委 外汇局
海关总署 财政部 税务局 自然资源部 证监会 金融监管局 民政部 人力资源和社保部 药监局 工信部
住房城乡建设部 文旅部 生态资源部 农业部 航天局 港澳办 侨办 卫生健康委员会 统计局 新闻办 新华网
Contact Us 聯系我們:18930220709 13818266096
Copyright © 2013-2015, www.bilawyers.com, All rights reserved. 版权所有 ©2013-2015, www.bilawyers.com 未经许可 严禁复制 沪ICP备13021809号-1
A professional legal service website for businesses and professionals! 法律咨询、诉讼代理、合同翻译,找中英双语律师网!