In Part I of this series, Daisy Duan, Yingjie Yang and Cuishi Li of King & Wood Mallesons introduced the implications of the amended PRC Company Law for Formal Capital Reductions. In Part II, the authors focus on the accounting and tax treatments of Substantive Capital Reductions, and analyze the tax risks of shareholders with regard to capital reductions not made at fair market value.
As China prepares to introduce a long-awaited increase in the statutory retirement age for both men and women, Guo Wei and Wu Hantong of Tian Yuan Law Firm examine the impact of this sweeping domestic change on foreign-invested enterprises
As the international picture remains uncertain, Chris Niewoehner, Jessica Rothschild and Lin Yang of Steptoe LLP examine the particular challenges faced by Chinese companies caught up in U.S. criminal cases
Geopolitical tensions, tightening foreign investment restrictions, and a poorly performing Chinese economy are some of the challenges facing private equity investors trying to exit their investments. Whilst the preferred exit method depends on the transaction itself, there are ways to minimize the general risks of exit methods
A new 'negative list' governing outbound data transfer from the Beijing Free Trade Zone is set to dramatically streamline operations for companies in five key sectors. Wenpei Yu and Yunsi Hu of Lifeng Partners examine the list and how it will work in practice
Recently published new regulations represent a more pragmatic, efficient and comprehensive approach to network data security in China. Casper Sek of Jingtian & Gongcheng takes a closer look
According to the Foreign Investment Law, the Five-Year Transition Period Deadline for FIEs to complete their adjustments pursuant to the law is approaching. Jianwei (Jerry) Fang, Qianwen (Emily) Gu and Chen (Cissy) Chen of Zhong Lun Law Firm analyze the specific requirements of the law and provide practical guidance for FIEs to identify and carry out relevant adjustments.
Casper Sek and Alan Zhang of Jingtian & Gongcheng analyze the first court judgment on cross-border data transfer, which answers practical questions relating to the operation of the Personal Information Protection Law in the context of a hotel booking app, and prompts companies to review their privacy policies
Jianwei (Jerry) Fang and Jiaying Jiang of Zhong Lun Law Firm discuss the newly released First Batch of Typical Cases for Ascertaining and Applying Foreign Law by the Supreme People's Court of China, and discover a significant shift of focus which will impact parties - and their attorneys - involved in international disputes
New rules applicable to Shanghai's Lin-Gang New Area have been released. Wenpei Yu and Yunsi Hu of Lifeng Partners analyze their workings, how they fit into China's existing system of cross-border data transfer rules and why they are so significant for biomedical companies operating in the zone
