Corporate Governance

China approves the U.S. listing plans of VIE-structured company CheChe; Chinese IP court helps mediate dispute between Dyson and Dreame; and CSRC proposes rules to encourage companies to pay their dividends

Website platforms are responsible for dealing with online enterprise-related infringement information

Liu Yuxiang and Wu Qiong, labor law specialists at Haiwen & Partners examine the important and sometimes difficult labor law issues which can arise for foreign investors seeking to exit China

Lawfulness of personal information processing is the focus of an compliance audit.

3M pays fine to settle bribery charges on its China subsidiary; China recognizes data as an asset in financial statements; and China revises company law to increase controlling shareholder responsibility in companies.

Tax is a key consideration when divesting a foreign investment, with a number of implications for a company’s bottom line. Daisy Duan, Wang Yan and Chen Xiaohong of King & Wood Mallesons highlight the main impacts when exiting a Chinese investment

Jue Li and Joel Evans of DaHui Lawyers look at the difficulties foreign investors face when divesting from China, in particular those associated with dissolution and non-bankruptcy liquidation.

The U.S. government is debating whether to renew the U.S.-China Science and Technology Agreement; AstraZeneca plans to break up its business in China and list it separately in Hong Kong; the Italian government applies Golden Power regulations to limit the influence of China’s Sinochem on tyremaker Pirelli

British firms in China are concerned about the way China introduces new regulations and the vagueness of its laws; the European Union introduces additional product safety-related requirements for businesses selling products online to domestic consumers; Hong Kong seeks to allow offerors and their concert parties to vote in a shareholders' meeting regarding a firm’s privatization.

State Council issues opinions strengthening the independence of listed companies’ independent directors