Cadwalader, Wickersham & Taft LLP (JD Supra China)

Asia-Pacific Fund Finance Market Update
On June 19, 2017, the Fund Finance Association (the “FFA”) hosted the inaugural Asia-Pacific Fund Finance Symposium at the Four Seasons Hotel in Hong Kong (the “Conference”). Twenty different market participants sponsored the Conference and 247 people attended, including an impressive turn-out from private equity fund sponsor (“Sponsors”) personnel.
Investing in the United States: CFIUS Concerns for Chinese Investors
On February 26, 2015, the Committee on Foreign Investment in the United States (“CFIUS”) - the interagency body charged with reviewing the impact on U.S. national security of any merger, acquisition or takeover that could result in the control of a U.S. business by a foreign person (including corporations) - issued its 2015 annual report to Congress. The report, which covers 2013, confirms the...
China’s New Foreign Investment Law: Implications for Restricted Industry Investments in China
On January 19, 2015, the Ministry of Commerce (the “MOFCOM”) of the People’s Republic of China (the “PRC”) released a draft of a newly proposed Foreign Investment Law for public comment (the “New Law”).
Hainan Airlines Delivers a First in Offshore RMB Financing Amidst Record Dim Sum Bond Market Performance
The international market for offshore (ex-mainland China) offerings of debt securities denominated in Renminbi yuan, the currency of the People’s Republic of China, has had a record first half of 2014, with RMB130 billion (approximately US$21.1 billion, at an exchange rate of US$1.00 = RMB6.15) of such bonds being issued in Hong Kong during the first six months (RMB bonds, when cleared and...
Impact of the New PRC Cross-Border Security Regulations on Debt Financing
On May 12, 2014, the State Administration of Foreign Exchange (“SAFE”) of the People’s Republic of China (the “PRC”) issued a notice on the Issuance of Administration Rules of Foreign Exchange on Cross-border Security (the “Notice”) and promulgated the Administration Rules of Foreign Exchange on Cross-border Security (the “Rules”) and the Operational Guidelines for Implementing the...
China’s Simplified Merger Review Program May Significantly Reduce Wait Times For Certain Global Transactions
MOFCOM announces simplified merger-review program that could accelerate antitrust clearance from Chinese authorities for many transactions. MOFCOM estimates as many as 60% of notified transactions will qualify and receive clearance in Phase I (within 30 days).
New York Court Affirms Jury Verdict Against Chinese Manufacturers Of Vitamin C, Awards Attorneys' Fees To Plaintiffs
In a recently released decision, a federal court in New York has declined to overturn a jury’s $153.3 million verdict against vitamin C manufacturer Hebei Welcome Pharmaceutical and its parent, North China Pharmaceutical Group (“NCPG”) for price-fixing, and the court permanently enjoined the companies from engaging in any further violations of U.S. antitrust law.
Alibaba Structure Forces Hong Kong Stock Exchange to Assess its Position on Corporate Governance
Alibaba Group, the holding company for a group of People’s Republic of China-based Internet e-commerce companies with sales that exceed those of eBay and Amazon combined, has announced plans to make an initial public offering of its shares and to list those shares in, most likely, Hong Kong or the United States. The company’s plans and resulting pressure on the Stock Exchange of Hong Kong to...

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