-
Asian bank resolution regimes
21 May 2013
Publication
Clifford Chance, in conjunction with the Asia Securities Industry & Financial Markets Association (ASIFMA), has conducted a survey of eight key Asian jurisdictions to obtain an overview of the insolvency regimes and resolution powers available in relation...
-
China Publishes Revised Good Supply Practice (GSP) Standards for Pharmaceutical Products
20 May 2013
Publication
After several years of drafting and three rounds of public consultation, the Ministry of Health has at last published the revised Good Supply Practice for Pharmaceutical Products (Revised GSP Standards) (药品经营质量管理规范) on 22 January 2013. The Revised GSP Standards...
-
MOFCOM's conditional approval of Marubeni/Gavilon and implications for mergers in the agricultural sector
7 May 2013
Publication
On 22 April 2013, the Ministry of Commerce of the People's Republic of China (MOFCOM) gave conditional approval to the acquisition of 100% of Gavilon Holdings, LLC by Marubeni Corporation. As with the recent conditional clearance of the Glencore/Xstrata merger,...
-
MOFCOM seeks to streamline and clarify the Chinese merger control process – draft regulations published
24 April 2013
Publication
The publication of the Glencore/Xstrata decision came just shortly after the publication of two draft merger regulations for public comments. The first draft regulation, the Regulations on Imposing Restrictive Conditions on Concentrations of Undertakings...
-
Implications of China's conditional competition approval of Glencore/Xstrata
24 April 2013
Publication
On 16 April 2013, the Ministry of Commerce of the People's Republic of China (MOFCOM) gave conditional approval to the US$30 billion takeover of Xstrata plc by Glencore International plc. Both behavioural and structural remedies were imposed, including...
-
China Opens for Mobile Virtual Network Operator
17 April 2013
Publication
On 8 January 2013, China's telecoms regulator, the Ministry of Industry and Information Technology ("MIIT"), published a consultation draft of the Mobile Communication Resale Business Pilot Plan ("Consultation Draft") to solicit comments...
-
Renminbi Qualified Foreign Institutional Investor Scheme Scaled Up
22 March 2013
Publication
In March 2013, China issued a new set of measures to govern onshore securities investment by Renminbi qualified foreign institutional investors (RQFII). The new measures now expand the types of entities eligible to apply for RQFII licence. Previous...
-
China joins international crackdown of price-fixing cartel for the first time [Japanese version]
15 February 2013
Publication
China's National Development and Reform Commission (NDRC) announced, on 4 January 2013, that it had fined six international liquid crystal display (LCD) screen producers, Samsung, LG, AU Optronics, Chunghwa Picture Tubes, Chimei InnoLux, and HannStar Display,...
-
Mission Possible: Succeeding in Chinese Outbound M&A
13 February 2013
Publication
The interest from both State and privately held Chinese acquirers in natural resources companies traded in London or on the Australian Securities Exchange ("ASX") is well acknowledged.
In this article, we focus on the often poorly understood outbound...
-
Chinese Supreme People's Court Upholds Validity and Enforceability of Value Adjustment Mechanism between shareholders – Impact on PE Investments
6 February 2013
Publication
Private equity (PE) investors commonly adopt a price or valuation adjustment mechanism (commonly referred to as VAM) when making growth capital or venture capital investments to mitigate against the uncertainty of the future financial performance of the investee...