Law Digest

• China Securities Regulatory Commission, Opinions on the Application of Securities and Futures Laws No.11: Opinion on the Application of Article 12 of the «Measures for the Administration of Material Asset Reorganisations by Listed Companies» Concerning the Calculation of Percentages Relating to the Purchase or Sale of the Identical or Related Assets by Listed Companies for a Continuous Period of 12 Months

  中国证券监督管理委员会《上市公司重大资产重组管理办法》第十二条上市公司在12个月内连续购买、出售同一或者相关资产的有关比例计算的适用意见—证券期货法律适用意见第11号

  Calculation of percentages relating to the purchase or sale of the identical or related assets by listed companies for a continuous period of 12 months clarified.

  April 05, 2011

• China Securities Regulatory Commission, Opinions on the Application of Securities and Futures Laws No.9: Opinion on the Application of Article 74 of the «Measures for the Administration of the Takeover of Listed Companies» Concerning the Determination of the Time of Completion of an Acquisition to Increase the Shares Held in a Listed Company Accomplished through Centralised Competitive Trading

  中国证券监督管理委员会《上市公司收购管理办法》第七十四条有关通过集中竞价交易方式增持上市公司股份的收购完成时点认定的适用意见—证券期货法律适用意见第9号

  Time of completion of an acquisition to increase shareholding clarified.

  April 05, 2011

• China Banking Regulatory Commission, Circular on Regulating the Use of External Credit Rating by Commercial Banks

  中国银行业监督管理委员会关于规范商业银行使用外部信用评级的通知

  Banks may not rely solely on external credit rating for granting credit.

  April 05, 2011

• Ministry of Commerce, Circular on Issues Relevant to the Administration of Foreign Investment

  商务部关于外商投资管理工作有关问题的通知

  Mofcom lifts the examination and approval requirement for certain foreign investment matters.

  April 05, 2011

• China Insurance Regulatory Commission, Circular on Matters Relevant to Regulating the Provision of Security to External Parties by Insurance Institutions

  中国保险监督管理委员会关于规范保险机构对外担保有关事项的通知

  Insurance institutions not allowed to provide external security.

  April 05, 2011

• General Office of the National Development and Reform Commission, Circular on Further Regulating the Development and the Administration by Record Filing of Equity Investment Enterprises in Pilot Areas

  国家发展改革委办公厅关于进一步规范试点地区股权投资企业发展和备案管理工作的通知

  First attempt to regulate private equity enterprises nationwide.

  April 05, 2011

• China Securities Regulatory Commission, Opinions on the Application of Securities and Futures Laws No.7: Opinion on the Application of Article 62 of the «Measures for the Administration of the Takeover of Listed Companies» Concerning Listed Companies Facing Serious Financial Difficulties

  中国证券监督管理委员会《上市公司收购管理办法》第六十二条有关上市公司严重财务困难的适用意见—证券期货法律适用意见第7号

  CSRC gives a definition of a seriously distressed company.

  April 05, 2011

• Ministry of Commerce, Tentative Provisions on Matters Relevant to the Implementation of the System for Security Review of Acquisition of Domestic Enterprises by Foreign Investors

  商务部实施外国投资者并购境内企业安全审查制度有关事项的暂行规定

  Mofcom may terminate M&A transactions that affect national security.

  April 05, 2011

• State Intellectual Property Office, Measures for Administrative Law Enforcement in Connection with Patents

  国家知识产权局专利行政执法办法

  Parties to patent infringement cases relieved from burden of proof.

  April 05, 2011

• Other Recent Legislation for This Month

  National legislation Constitution and legal systemProvisions for Causes of Action in Civil Cases (1st Revision)民事案件案由规定 (第一次修正)L1420/11.02.18 Amendment…

  April 05, 2011