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On 26 April 2013, The Stock Exchange of Hong Kong Limited (the Exchange) published two sets of consultation papers on reforming the connected transaction rules.

On 15 May 2013, the Securities and Futures Commission (SFC) published a Consultation Paper on the Proposed Amendments to the Professional Investor Regime and the Client Agreements Requirements (Consultation Paper). Amongst other things, the SFC revisits the...

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...

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...

High yield bonds have become increasingly attractive to sponsors in financings and, most importantly, refinancings. Sustained liquidity and growing investor demand, coupled with the reduced availability of new M&A credits, has driven the inclusion of flexible...

In a landmark ruling on 30 April 2013, Hong Kong’s Court of Final Appeal (CFA) dismissed Tiger Asia Management LLC’s (Tiger Asia) appeal brought against the Hong Kong Securities & Futures Commission (SFC), in which Tiger Asia, an off-shore hedge...

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,...

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...

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...

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...