Recent Articles

Legal Issues on IT Outsourcing of Financial Institutions

September 02, 2010 09:13

 By Li Jinnan and Jiang Hualiang, King & Wood's Banking & Finance Practice With the recent development of the service outsourcing industry, an increasing number of financial institutions (including banks, securities companies, insurance companies and fund management companies) use...

US Insurance Inquiry - Possible Fallout for China?

August 31, 2010 09:52

By Yuan Min, Partner, King & Wood's Insurance Group Recently, the Associated Press reported that the New York State Attorney General has served subpoenas on two major multi-national life insurers as part of that office's inquiry into those companies policies for paying death benefits to life...

Regulations on Divesting Assets - Enacted

August 26, 2010 07:10

 By Susan Ning, Jiang Liyong and Angie Ng, King & Wood's Competition Practice On 5 July 2010, the Ministry of Commerce (MOFCOM) enacted regulations which set out the rules and procedures to do with divesting assets. These regulations are entitled “Interim Regulations on...

Collusive Behaviour Amongst Banks?

August 25, 2010 09:42

 By Susan Ning, Ding Liang and Jiang Liyong, King & Wood's Competition Practice In mid-August, it was reported in the press(1)  that the National Development and Reform Commission (NDRC) had received complaints that the commercial banks in China have engaged in price-fixing...

New SAFE Regulations Support Financing of Outbound Deals

August 17, 2010 06:05

By Li Jinnan, Partner, King & Wood's Banking & Finance Group In order to support outbound investment projects of domestic PRC entities, to meet the policy demands of domestic credit support, and to further facilitate trading and investing, the State Administration of Foreign Exchange...

Novartis' acquisition of Alcon - cleared with conditions

August 14, 2010 09:14

 By Susan Ning, Shan Lining and Liu Jia, King & Wood's Competition Practice On 13 August 2010, the proposed acquisition of Alcon, Inc (Alcon) by Novartis AG (Novartis) was approved by the Ministry of Commerce (MOFCOM), with conditions. MOFCOM’s public announcement in relation to...

Second anniversary of China's Anti-Monopoly Law - MOFCOM's stocktake

August 13, 2010 08:51

 By Susan Ning, Shan Lining and Angie Ng, King & Wood's Competition Practice On 12 August 2010, the PRC Ministry of Commerce (MOFCOM) hosted a “stocktake” briefing to mark the second anniversary of the Anti-Monopoly Law (AML).(1)  Director-General of the Anti-Monopoly...

Inventions Defined under PRC Patent Law

August 12, 2010 08:37

By Meng Xianghai, King & Wood's IP Department Recently, an increasing number of opinions from the State Intellectual Property Office ("SIPO") indicate that applications for patent protection for some inventions do not fall under the scope provided in Paragraph 2 of Article 2 of the...