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