The Legal Challenges of M&As in China
Aggregated Source: China ChallengesIn the American Chamber of Commerce magazine Insight, Venessa Wong writes:
How will business conditions change for foreign companies in China now that newly strengthened regulations on mergers and acquisitions (M&A) are in effect? This question has been pestering PRC investors since this past August, when six central government entities – the Ministry of Commerce (MOFCOM), State Assets Supervision and Administration Commission (SAAC), State Administration on Taxation (SAT), State Administration of Industry and Commerce (SAIC), China Securities Regulatory Commission (CSRC) and State Administration of Foreign Exchange (SAFE) – jointly announced new M&A rules tightening the regulatory requirements for takeovers of domestic companies by foreign corporations, effective September 8.
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