Mergers and Acquisitions

Foreign investment screening is tightening across Europe driven by concerns over Chinese investment and the pandemic

China restricts AI exports, TikTok sale in jeopardy; Mengniu's Australian purchase falls through with no government approval forthcoming; JPMorgan buys out mutual fund JV partner for $1 billion

Recent reforms to the U.S. foreign investment review body's powers have contributed to a sharp drop in outbound Chinese investment to the U.S.

Scott Yu, Frank Jiang, Rachel Li, Emily Xu and Derek Liu of Zhong Lun Law Firm discuss a recent joint venture between Yum China and Mininglamp that the firm advised on involving a variable interest entity (VIE) structure that received unconditional clearance from the State Administration for Market Regulation (SAMR), which is the first case of its kind in China. They also highlight key issues arising in a merger filing involving a VIE structure and offer some key practical guidance for VIE structured companies

The national Negative List is downsized from 40 to 33 items.

The FTZ Negative List is downsized from 37 to 30 items.

Foreign investment is restricted in various areas integral to autonomous vehicles

Domestic law firms are encouraged to expand overseas

CSRC defines "strategic investors" in private offering of shares