Mergers Acquisitions and Takeovers in China

by Rizzi, Cristiano; Guo, Li; Christian, Joseph

• ISBN13: 9789041140487
• ISBN10: 9041140484
• Format: Hardcover
• Copyright: 2012-07-13
• Publisher: Kluwer Law Intl

Summary

This hugely informative book - unique in its overarching emphasis on the lawsgoverning M&As and takeovers in China - not only shows those interested ininvesting in China how to avoid legal mistakes and miscalculations. Inaddition to offering singular interpretive analysis of strictly legal matters,the authors concentrate extensively on the all-important cultural andenvironmental factors that can make business in China daunting for theuninitiated. Extending this double emphasis on cultural understanding and M&Aand takeover expertise, the authors clearlyexplain such elements of how to enter the Chinese market (or expand a presencein it) as the following:;concepts of guanxi and mienzi;understanding China's rising middle class;;valuation of state-owned assets;maximum permitted debt-to-equity ratios;key PRC government agencies involved in the approval of transactions;taxation framework for enterprise restructuring in China;employees as an asset;share swaps;prohibited trading activities when acquiring a listed company;legal framework for dispute resolution;administrative proceedings;liabilities for breach of contract; andresponding to intellectual property rights abuse.The authors provide precise details on the characteristics of, and proceduresinvolved in, the wide range of investment options available in China, withknowledgeable guidance on the choice of investment options and protection ofinvestor interests.Because China is clearly a major global economic force and will continue to beso in the foreseeable future, this thorough but down-to earth guide is ofimmeasurable practical value to foreign investors of every kind, frommultinational corporations to individual venture capitalists.