International
Mar. 16, 2011
China Formalizes National Security Review
Foreign investors seeking to acquire domestic Chinese enterprises face challenges from a new security review system. By Tracy Wut and Chunfai Lui of Baker & McKenzie.
On March 5, 2011, a security review system for foreign investors acquiring Chinese domestic enterprises went into effect. Detailed in Circular 6, it was issued by the PRC State Council (the Chinese government's highest executive body) on February 3, with provisional implementing regulations issued by the PRC Ministry of Commerce on March 4.
Foreign investors doing mergers and acquisitions deals in affected sectors may no...
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