Legal

When a securities company is to establish a branch, it shall require the approval of the China Securities Regulatory Commission. A branch shall not have legal personality and its legal liability shall be borne by the securities company.

When an IPO issuer restructures identical, similar or related businesses under the same corporate controller during the reporting period, it shall pay close attention to the effect of the reorganization on its total assets, or its operating revenue or gross profit.

On May 12, 2008 the Supreme People's Court promulgated the Interpretation of Some Issues regarding the Application of the PRC Company Law, which became effective on May 19, 2008. The new interpretation provides guidelines on the application of Chapter 10 of the Company Law on dissolution and liquidation of companies incorporated in China, including foreign invested enterprises and domestically owned companies, both limited liability companies and joint stock companies.See the full text translation

Lovells has elected Horace Lam as a partner in Beijing while promoting Geoffrey Lin to consultant in the Shanghai office, bringing the total number of…

Poly Investments has carried out the first share swap in China under new M&A rules, but uncertainty still surrounds the treatment of acquiring equity interest.Poly's…

Labour intensive enterprises will need to prepare for higher employment costs as the Shenzhen Municipal Government increased the city's minimum wage…

Central China Real Estate has listed its HK$1.38 billion IPO in Hong Kong and Rule 144A/Regulation S global offering, consisting of an aggregate of 500…

China Netcom has proposed a US$24 billion merger with China Unicom as part of a broader restructuring of China's telecommunications sector.Under the…

Xtep International, a domestic fashion sportswear enterprise in the PRC, has completed the HK$2.23 billion (US$285 million) Hong Kong IPO and Rule 144A…