Corporate Governance

• In the News: First VIE Overseas Listing Approved; Dyson IP Dispute Mediated; and Cash Dividend Amendments

  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

  September 20, 2023

  

• Office of the Central Cyberspace Affairs Commission, Specifications for the Work Associated with the Acceptance of, and Dealing with, Reports of Enterprise-Related Online Infringement Information by Website Platforms

  中央网络安全和信息化委员会办公室网站平台受理处置涉企网络侵权信息举报工作规范

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

  September 17, 2023

• Labor Issues for Foreign Investors Divesting from China

  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

  September 17, 2023

  

• Cyberspace Administration of China, Key Reference Points for Compliance Audits of the Protection of Personal Information (Draft for Comments)

  国家互联网信息办公室个人信息保护合规审计参考要点 (征求意见稿)

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

  September 05, 2023

• In the News: 3M Settles Bribery Charges in China Subsidiary; China Recognizes Data as Assets; and China Increases Controlling Shareholder Responsibility

  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.

  August 30, 2023

  

• What are the Key Tax Issues to Consider When Foreign Investors Disposing of Investment in China?

  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

  July 24, 2023

  

• The Reality of Company Dissolution in China

  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.

  July 18, 2023

  

• In the News: Sino-US Scientific Cooperation; AstraZeneca Splits Its China Operation?; and Italy Limits Influence of Chinese Company

  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

  June 21, 2023

  

• In the News: Uncertainty Dents British Confidence in Investing in China; the European Union Tightens Product Safety Requirements; and Hong Kong Proposes to Resolve 'Scheme of Arrangement' Controversy

  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.

  May 31, 2023

  

• General Office of the State Council, Opinions on the Reform of the Independent Director System of Listed Companies

  国务院办公厅关于上市公司独立董事制度改革的意见

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

  May 05, 2023