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Practical Law China August Focus 2016
Practical Law UK Legal Update w-003-2590 (Approx. 6 pages)
Practical Law China August Focus 2016
| Published on 31 Aug 2016 • China |
Details of Practical Law China's new and updated resources for August 2016.
Speedread
This August, Practical Law China has expanded its inbound M&A coverage with the publication of Practice note, Taking security in private equity investments in China. This note covers the Chinese law and practice of taking a security interest in the context of a private equity investment in a company incorporated in China, from the perspective of an advisor to a private equity (PE) investor.
For competition practice area, we have published Article, Anti-trust investigations in China: a practical guide. This article provides an overview of the types of conduct subject to anti-trust scrutiny of Chinese regulators, including a summary of noteworthy cases.
For data privacy practice area, we have published Practice note, Data privacy in China. This note gives an overview of the regulatory environment for data privacy protection in China, and in particular the issues that businesses operating in China or dealing with Chinese counterparts need to be aware of and what they should do to ensure compliance and minimize risk when handling personal information in China.
In addition, we have strengthened our employment coverage with the publication of Checklist, Social average monthly salary: China. This checklist introduces the concept of China's social local average monthly salary and addresses the legal implications of this important benchmark figure.
As usual, we have also published our regular monthly roundup of key items for general counsel, GC Agenda China (see Article, GC Agenda China: August 2016) and separate legal updates for important legal and practical developments in this month (see Legal updates) and have updated a number of materials in the light of recent developments (see Maintenance).
New content
Inbound M&A
We have published Practice note, Taking security in private equity investments in China. The note adopts the perspective of an adviser to a PE investor. It covers the types of security interest that exist in the Chinese system, includes diagrams and explanations of the principal security structures used in practice and provides practical guidance on the documents involved, negotiation and drafting points and procedural issues.
Data privacy
We have published Practice note, Data privacy in China. The note presents an overview of the regulatory environment for data privacy protection in China, and in particular the issues that businesses operating in China or dealing with Chinese counterparts need to be aware of and what they should do to ensure compliance and minimize risk when handling personal information in China.
Employment
We have published Checklist, Social average monthly salary: China. The checklist addresses the concept of China's social average monthly salary, explains how this data is collected and calculated for statistical purposes. It also sets out the details of how this data is used to set the lower and upper limits of the base to calculate certain employee payments and benefits, with a table summarising the current data in Beijing, Shanghai, Guangzhou and Shenzhen respectively.
Competition
We have published Article, Anti-trust investigations in China: a practical guide. This article reviews anti-trust enforcement regime in China. It gives an overview on the types of conduct subject to anti-trust scrutiny in this region, including a summary of noteworthy cases. The article explains the procedures on conducting anti-trust investigations in China, with a flowchart to illustrate a typical investigation process.
GC Agenda China: August
The new GC Agenda China is now out. GC Agenda China provides practical, specific and actionable advice on key issues for GC covering China. GC Agenda China is also a useful reference point for external counsel who needs an overview of the main developments outside their own practice area.
This month's GC Agenda China covers:
- China national level rules governing online taxi reservations services.
- CAAC's draft provisions for further relaxing restrictions on foreign investment in civil aviation.
- CFDA's final version of drug quality management standards.
- NDRC's draft guidelines for determining punishment under AML.
- SAIC's draft rules to implement consumer protection law.
- SPC's interpretation governing online judicial auctions.
- SPC's interpretations on application of law in territorial waters.
Maintenance
This month, we have also updated a number of resources in areas including, Commercial agreements and boilerplate, boilerplate, employment, real estate, IPIT, FDI, corporate and M&A.
For details of the changes, follow the link to the resource you are interested in and click on "Show resource history" in the action box at the top right hand of the page.