Chinese Business Law:

Prof. Dr. Yuanshi Bu

doi:10.5771/9783845265452

Summary

This book, written by eminent authors educated and trained at renowned universities in China, UK, Germany and the US and active in leading academic institutions and law firms, deals with Chinese business law very comprehensively, i.e. covering also outbound investments, securities and Overseas Investment Vehicles.

The book is designed for the needs of international consultants and academics. It stands out due its substantiated and well-founded account of the current business law in China.

This handbook comprises the following chapters:

China’s Accession to WTO

Corporations and Partnerships

Foreign Investment Law

Capital market regulations

Mergers and Acquisitions

Antitrust

Secured transactions

Bankruptcy

Labour Relations and Labour Disputes

Intellectual Property in Transactions

Outbound Investment from China

Offshore Investment Vehicles

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Bibliographic data

Edition: 1/2010
ISBN-Print: 978-3-406-59896-8
ISBN-Online: 978-3-8452-6545-2
Publisher: Nomos, Baden-Baden
Language: English
Pages: 412
Product type: Comment

Titelei/Inhaltsverzeichnis No access Pages 1 - 22
1. Overview No access
2. 1. 1. Transparency No access
    2. Uniform Application of Law No access
    3. Judicial Review No access
  2. 1. Right to Trade and Anti‐dumping Regulation No access
    2. Safeguard Measures against Chinese Products No access
  3. 1. Banking No access
    2. Foreign Credit Card Services No access
    3. Financial Data No access
  4. 1. Public Procurement No access
    2. Environmental Issues No access
1. Overview No access
2. 1. Sources of Law No access
  2. Theory of the Legal Person No access
  3. 1. Function and History No access
    2. The Ultra Vires Doctrine in Mainland China No access
    3. Remaining Relevance of the Object Clause No access
  4. 1. How to Identify Compulsory Provisions No access
    2. Effect of Compulsory Provisions on the Articles of Association No access
    3. Effects on the Business Operation of the Company No access
  5. 1. 1. Shareholders No access
      2. Nominal Shareholders No access
      3. Registered Capital No access
    2. 1. Mandatory Organs No access
      2. Optional Organs No access
      3. Controversial Issues No access
    3. 1. Transfer by Contract No access
      2. Mandatory Equity Buyback No access
      3. Succession No access
    4. 1. Special Requirements No access
      2. Alternatives No access
      3. Conversion to Regular LLC No access
  6. 1. Establishment No access
    2. 1. Shareholders’ General Meeting No access
      2. Board of Directors No access
      3. Manager(s) No access
      4. Supervisory Board No access
      5. Independent Directors (Listed Companies) No access
    3. Issue and Transfer of Shares No access
  7. The Legal Representative No access
  8. 1. 1. Directors’ and Senior Officers’ Duty of Loyalty No access
      2. Directors’ and Senior Officers’ Duty of Care No access
      3. Supervisors’ Fiduciary Duties No access
      4. Controlling Shareholders’ Fiduciary Duties No access
    2. Minority Shareholder Protection No access
    3. Shareholder Lawsuits No access
    4. Restrictions on the Provision of Security No access
  9. Capital Increase and Capital Reduction No access
  10. Dissolution and Liquidation No access
  11. 1. The Company No access
    2. 1. Investors of an LLC No access
      2. Promoters of a JSLC No access
    3. 1. Liability to the Company’s Creditors No access
      2. Liability to Other Shareholders and/or the Company No access
    4. De Facto Controllers No access
    5. Senior Officers No access
    6. Directors and Supervisors No access
    7. Inapplicability of the Business Judgment Rule No access
    8. Indemnification for Management’s Civil Liabilities No access
3. 1. 1. General Partnership Enterprise No access
    2. Limited Partnership Enterprise No access
    3. Special General Partnership Enterprise No access
  2. Basic Differences to LLCs No access
  3. Partners No access
  4. Organizational Structure, Operation No access
  5. Admission, Withdrawal and Removal of Partners No access
  6. Transfer of Shares in Property No access
  7. Capital Increase and Capital Reduction No access
  8. Dissolution and Liquidation No access
  9. 1. The Partnership Enterprise No access
    2. General Partners No access
    3. Limited Partners No access
    4. Liquidators No access
4. Relevant Laws & Regulations No access
1. 1. Concept of Foreign Direct Investment No access
  2. Brief Recount of Foreign Direct Investment No access
  3. 1. Landmark Law on Equity Joint Venture No access
    2. Proliferation of FDI Regulations No access
    3. Recent Streamlining and Consolidation Reform No access
2. 1. 1. Industry Direction and Catalogue No access
    2. Verification and Approval Procedures and Authorities No access
  2. 1. Common Forms No access
    2. Alternative Forms No access
    3. Application of Company Law No access
  3. 1. Permitted Scope of Business No access
    2. Capital Requirement No access
    3. Industry‐Specific Regulations No access
    4. Taxation on Income No access
    5. Foreign Exchange Administration and Capital Transfer No access
3. Concluding Remarks No access
4. Relevant Laws & Regulations No access
1. 1. 1. Growth of the Chinese Capital Market No access
    2. Creation of the Securities Regulation Framework No access
  2. 1. Scope of Application of the Securities Law No access
    2. Categories of Listed Stocks No access
  3. 1. Non‐Tradable Share Reform No access
    2. Emerging Multi‐Layered Markets No access
2. 1. 1. Definition of Public Issuance No access
    2. 1. Roadmap and Key Steps No access
      2. Sponsorship and Book Building No access
      3. Review and Approval by CSRC No access
      4. Disclosure No access
    3. Secondary Issuances by a Listed Company No access
  2. 1. 1. Securities Trading Places No access
      2. Listed Trading on Stock Exchanges No access
      3. Prohibitions from Trading No access
      4. Brokerage Regulations No access
    2. 1. Gradual Openness No access
      2. Qualified Foreign Institutional Investors No access
    3. Stock Settlement and Clearance No access
    4. 1. Disclosure of Interests No access
      2. Tender Offer No access
  3. 1. 1. Securities Law Provisions No access
      2. Judicial Interpretation on Misstatements No access
    2. Insider Trading No access
    3. Market Manipulation No access
3. Concluding Remarks No access
4. Relevant Laws & Regulations No access
1. 1. Evolution History No access
  2. 1. Compliance with Market Entry Requirements No access
    2. Safe‐Guarding of National Economic Security No access
    3. Protection of State‐Owned Assets No access
    4. Anti‐Monopoly Issues No access
  3. Approval Authorities No access
2. 1. 1. Applicable Scenarios No access
    2. Non‐Applicable Scenarios No access
    3. Border Line Scenarios No access
    4. Summary No access
    5. Case Study No access
  2. 1. Legal Framework No access
    2. Equity/Asset Appraisal Requirement No access
    3. Payment of Transaction Price No access
  3. 1. Qualification and Requirements No access
    2. Equity Swap Procedures No access
  4. 1. Background No access
    2. 1. Acquisition of Non‐Tradable Shares by Agreement No access
      2. Strategic Investment in A‐Share LCs No access
      3. Acquisition through QFIIs No access
      4. Indirect Acquisition No access
    3. 1. Conditions of Strategic Investment No access
      2. Requirements for Foreign Investors No access
      3. Methods for Acquisition of A‐Shares No access
      4. Procedure No access
    4. 1. Transaction via Transfer by Agreement No access
      2. Transaction via Acquisition by Tender Offer No access
3. Concluding Remarks No access
4. Relevant Laws & Regulations No access
1. 1. Evolution History No access
  2. Scope of Application No access
  3. State‐Owned Enterprises No access
  4. Enforcement Agencies No access
  5. 1. State Council Guidelines No access
    2. Product Market and Geographic Market No access
    3. Methodology of Substitutability Analysis No access
2. 1. 1. Prohibitions No access
    2. Exemptions No access
  2. 1. Prohibitions No access
    2. Market Dominance No access
  3. Intellectual Property Rights (IPR) No access
  4. 1. Prohibitions No access
    2. Enforcement No access
    3. Trade Associations No access
  5. 1. Government Agency No access
    2. Definition of Business Concentration No access
    3. Filing Obligation No access
    4. Filing Thresholds No access
    5. Standard of Review No access
    6. Filing Procedure No access
    7. 1. Coca‐Cola/Hui Yuan Case No access
      2. InBev/Anheuser Busch Case No access
      3. Mitsubishi Rayon/Lucite Case No access
  6. 1. Competence No access
    2. Investigation Powers No access
    3. Publication of Decisions No access
  7. 1. Administrative Penalties No access
    2. Civil Liability No access
    3. Criminal Penalties No access
    4. Leniency Rules No access
3. Relevant Laws & Regulations No access
1. Overview No access
2. 1. Accessoriness of Security Right to Secured Claim No access
  2. Liabilities of Security Grantor No access
  3. Secured Claim No access
  4. 1. Upstream and Cross‐stream Security No access
    2. Creation of Security Rights in Favor of Foreign Creditors No access
  5. 1. Multiple Security Rights Securing the Same Claim No access
    2. Security Rights in the Same Property No access
3. 1. Guarantor No access
  2. Guarantee Contract No access
  3. 1. General Scope of Guarantor’s Liability No access
    2. Ordinary Guarantee and Joint and Several Guarantee No access
    3. Maximum Amount Guarantee No access
    4. Guarantee Term No access
    5. Changes affecting the Secured Claim No access
  4. Guarantor’s Defences No access
4. 1. Substitutes for Encumbered Asset No access
  2. Changes Affecting the Secured Claim No access
  3. Bona Fide Acquisition of Real Security Rights No access
5. 1. 1. Chargeable Property No access
    2. Unity of Land Using Rights and Ownership of Building No access
    3. Fruits of Charged Properties No access
    4. Maintenance of the Charged Property No access
  2. Charge Contract No access
  3. Registration No access
  4. 1. Enforcement of Charge No access
    2. Ranking of Charges No access
  5. Transfer of Charge and Charged Property No access
  6. 1. Floating Charge No access
    2. Maximum Amount Charge No access
6. 1. 1. Pledgeable Assets and Rights No access
    2. Fruits of Pledged Assets or Rights No access
  2. Pledge Contract No access
  3. Creation of Pledge on Movable Properties No access
  4. 1. Pledge on Commercial Papers No access
    2. Pledge of Interests in Funds and Shares in Companies No access
    3. Pledge of Accounts Receivable No access
  5. 1. Enforcement of the Pledge No access
    2. Maintenance of the Pledged Property No access
    3. Sub‐Pledge No access
7. 1. Creation of Lien No access
  2. 1. Enforcement of Lien No access
    2. Maintenance of the Property Affected by the Lien No access
8. Relevant Laws & Regulations No access
1. Overview No access
2. 1. 1. Enterprise with Legal Person Status No access
    2. SOE No access
    3. Financial Institution No access
    4. Excluded Commercial Entities and Individuals No access
  2. 1. Territorial Jurisdiction No access
    2. Subject Matter Jurisdiction No access
  3. 1. Criteria for Bankruptcy Liquidation No access
    2. 1. Debtor No access
      2. Creditor No access
      3. Director No access
      4. Court & Regulator No access
  4. 1. Commencement No access
    2. Bankruptcy Declaration No access
  5. 1. Restriction on Creditor No access
    2. Restriction on Debtor No access
    3. Restriction on Legal Proceeding No access
    4. Restriction on Senior Management No access
  6. 1. 1. Types of Administrator Candidates No access
      2. Selecting Mechanism No access
      3. Disqualification and Replacement No access
    2. Powers and Duties No access
    3. Remuneration No access
    4. Relations with Creditors No access
  7. 1. Formation of the Creditors’ Meeting No access
    2. Secured Creditors No access
    3. Procedure Rules of the Creditors’ Meeting No access
    4. Powers of the Creditors’ Meeting No access
    5. Creditors’ Committee No access
  8. 1. Scope of the Debtor’s Assets No access
    2. Excluded Assets No access
    3. Unpaid Registered Capital No access
    4. 1. Void Transactions No access
      2. Voidable Transactions No access
    5. Bankruptcy Set‐Off No access
  9. 1. Entry Application No access
    2. Management of the Debtor’s Business No access
    3. Stay on Claims No access
    4. Reorganization Plan No access
    5. Failure of Reorganization No access
  10. 1. Secured Creditors vs. Employees No access
    2. Other Claims No access
3. Concluding Remarks No access
4. Relevant Laws & Regulations No access
1. Overview No access
2. 1. Definition of Employee and Labor Relationship No access
  2. 1. Duty of Disclosure No access
    2. Data Protection No access
    3. Non‐Discrimination No access
    4. Form and Content No access
    5. Full‐Time Labor Contract No access
    6. Part‐Time Labor Contract No access
    7. Labor Dispatch Service No access
    8. Labor Conditions: Probation Period and Annual Leave No access
3. 1. 1. Modification of a Labor Contract No access
    2. Termination No access
  2. Consensual and Mandatory Termination No access
  3. Termination by Employee No access
  4. Termination by Employer No access
  5. Formalities No access
  6. Severance Payment/Damages No access
4. 1. 1. Nature No access
    2. Organization No access
    3. Basic Level Labor Union Committee No access
    4. Rights and Obligations of Labor Unions No access
  2. Enterprise Rules No access
  3. 1. General No access
    2. Parties No access
    3. Collective Bargaining and Collective Action No access
    4. Procedure No access
  4. Co‐Determination No access
5. 1. Scope of Labor Disputes No access
  2. Basic System No access
  3. Mediation No access
  4. Arbitration and Litigation No access
6. Concluding Remarks No access
7. Relevant Laws & Regulations No access
1. 1. 1. Prerequisites for Protection No access
    2. 1. Registration No access
      2. Fair Use No access
      3. Distinction to Geographic Indication No access
    3. Registration of Trademarks and Opposition Proceeding No access
    4. Trademark Rights No access
    5. Use Requirement and Defensive Trademarks No access
  2. 1. Prerequisites for Protection No access
    2. Registration of Patents No access
    3. Scope of Protection No access
  3. Copyright No access
  4. Trade Secrets No access
  5. Domain Name No access
  6. 1. Administrative and Criminal Enforcement, Customs Protection No access
    2. Litigation No access
    3. Arbitration No access
2. 1. 1. 1. Extended Scope of Protection No access
      2. Criteria of Well‐Known Trademarks No access
      3. Authorities and Proceedings for the Recognition No access
      4. Foreign Trademark Owners No access
    2. Agency Marks No access
    3. Other Types of Preemptive Registrations No access
    4. Protection under Anti‐Unfair Competition Law No access
  2. 1. Trade Name No access
    2. 1. Terminologies No access
      2. Special Problem in China – Trademark for Retail and Wholesale Services No access
    3. 1. Trade Name is Registered Prior to the Trademark No access
      2. Trade Name is Registered after the Trademark No access
    4. Two Conflicting Trade Names No access
    5. Offshore Shadow Companies No access
    6. Remedy No access
  3. 1. Trademark No access
    2. Patent No access
    3. Copyright No access
  4. 1. 1. Recordal of License No access
      2. Third Party in Good Faith No access
      3. Multiple Licensing No access
      4. Recordal Procedure No access
    2. 1. Domestic Licensing vs. Cross‐Border Technology Transfer No access
      2. Formation, Approval and Recordal No access
      3. Warranty and Disclaimers of Warranty No access
      4. Obligation to Exploit No access
      5. Obligation to Maintenance of the Patent No access
      6. Anti‐monopoly Requirements on Licensing Agreement No access
    3. Copyright License No access
    4. 1. Choice of Law No access
      2. Right to Sublicense No access
      3. Assignability of License No access
      4. License in Bankruptcy No access
      5. Termination No access
    5. Exhaustion and Parallel Import No access
    6. Original Equipment Manufacturer (OEM) No access
    7. Survival of License in the Event of Assignment No access
  5. 1. Status Quo No access
    2. Creation of Security Interest in IP assets No access
    3. Enforcement of Security Interest in IP assets No access
  6. IPR as Contribution in Kind and R&D Center in China No access
  7. IPR in Employment Contracts No access
3. Relevant Laws & Regulations No access
1. 1. Recent Development No access
  2. 1. State‐Owned Enterprises (SOEs) No access
    2. Private Companies and Foreign Invested Enterprises (FIEs) No access
    3. Individuals No access
    4. Qualified Domestic Institutional Investors (QDIIs) No access
    5. Sovereign Funds No access
2. 1. 1. State Council/National Development and Reform Commission (NDRC) Rules No access
    2. Ministry of Commerce (MOFCOM) Rules No access
    3. SAFE Rules No access
    4. SASAC Rules No access
    5. Rules on Outbound Direct Investment by Individuals No access
  2. Industry‐Specific Rules for Outbound Direct Investment No access
  3. 1. Rules on QDIIs No access
    2. Rules on Outbound Securities Investment by Individuals No access
3. Concluding Remarks No access
4. Relevant Laws & Regulations No access
1. Overview No access
2. 1. General Procedure No access
  2. 1. SPV in General No access
    2. SPV for Red‐Chip Listing No access
  3. 1. FIE Status No access
    2. Disclosure Rules No access
  4. 1. Scope of Authority No access
    2. Nature of Approval No access
3. Concluding Remarks No access
4. Relevant Laws & Regulations No access
Index No access Pages 407 - 412

Chinese Business Law

Summary

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Bibliographic data

Table of contents