Corporate Governance

New tax implementation rules for corporate restructuring introduce internationally recognised concepts and clarify access to special tax treatments. Recently restructured companies should check their tax position carefully

However you define an international financial centre, there are many hurdles ahead for Shanghai

For inbound investors, navigating the maze of available structures can be tricky. The development of the PRC Anti-monopoly Law has led to more scrutiny of acquisitions of Chinese companies, causing potential foreign investors to look at other ways of investing in the country; Danone's experience with Wahaha has in turn revealed potential pitfalls for joint ventures

Wayne Chen and Patrick [email protected], [email protected] Law OfficesSince the amendments to the Law of Partnership Enterprise…

According to the Measures, state-owned equity or shares of providers of basic telecommunications services shall account for no less than 51% of the total equity or shares.

Transfers of state-owned assets and equity of unlisted enterprises shall be publicly carried out through lawfully- established assets and equity exchanges at the provincial level and above.

Move is part of larger efforts to stabilise the economy

Working drafts for sponsor work must be kept for 10 years.

Herbert Smith has opened a restructuring practice in Hong Kong with the hire of partner Michael Barker.Barker will focus on restructuring and insolvency…