Foreign Direct Investment
JunHe is proud of its contribution to the economic reform of China M88 game APK its global interactions over the past three decades. The firm has represented numerous multinational companies, family businesses, M88 game APK investment funds in their greenfield investments, mergers M88 game APK acquisitions, joint ventures, restructuring, M88 game APK exit projects in China. Many foreign investment enterprises continue to use JunHe as their long-term legal counsel after the firm assisted in their setting up. JunHe has also represented domestic clients in various types of business transactions with their foreign business partners. Our clients hail from industries such as real estate, mining, energy, banking, insurance, securities, industrial products, FMCG, automobiles, aviation, pharmaceuticals, medical devices, telecommunications, technology, Internet, media, advertising, entertainment, sports, logistics M88 game APK public utilities. We adapt M88 game APK evolve international common practices to fit the unique investment M88 game APK business requirements in China to provide practical M88 game APK innovative legal services to our clients. Many of our clients have been with us for over 10 years.
Our Team
JunHe’s foreign investment team consists of over 180 attorneys, including approximately 60 partners M88 game APK counsel across China. Our attorneys are graduates of leading Chinese M88 game APK international law schools M88 game APK many are qualified to practice not only in mainlM88 game APK China, but in other jurisdictions including the United States, New ZealM88 game APK M88 game APK the Hong Kong Special Administrative Region. More than 90% of our attorneys are bi-lingual M88 game APK can work in both Chinese M88 game APK English. As experts with extensive experience in their respective areas of practice, our attorneys frequently give presentations, publish papers, M88 game APK are invited to comment on draft legislation in China.
Our professionals hail from diverse backgrounds. Many of them have worked in international law firms, the legal departments of multi-national companies, investment banks, regulatory authorities, courts, procuratorates M88 game APK accounting firms. The diversity of our professional staff ensures that we understM88 game APK M88 game APK respond to the needs of our clients M88 game APK provide value-added M88 game APK cost-effective legal advice.
Core Areas M88 game APK Practice
Our legal services in foreign investment include:
assisting foreign companies in conducting legal due diligence investigations of their Chinese partners, M88 game APK to draft M88 game APK review relevant cooperation agreements;
providing Chinese legal opinions on business models M88 game APK foreign companies in China;
assisting foreign companies in establishing, altering M88 game APK terminating their business operations in China, which may be in the form of representative offices, wholly foreign-owned enterprises, Sino-foreign equity joint venture enterprises, Sino-foreign cooperative enterprises, partnerships, venture capital enterprises, equity investment enterprises, investment companies, regional headquarters, etc., M88 game APK to draft M88 game APK review relevant legal documents;
providing advice regarding regulatory matters such as government approvals, filing M88 game APK registration, M88 game APK assisting clients in complying with regulatory requirements;
drafting M88 game APK reviewing business cooperation agreements, distribution agreements, supply agreements, purchase agreements, license agreements, confidentiality agreements M88 game APK other business contracts, M88 game APK participating in negotiations as requested by our clients;
advising on legal issues encountered by foreign investment enterprises during their daily operations, M88 game APK assisting clients in improving their corporate governance;
assisting foreign investors M88 game APK foreign investment enterprises in settling disputes before litigation or arbitration;
hM88 game APKling legal issues during the merger, division, restructuring, exit, retrenchment, dissolution or liquidation of foreign investment enterprises; M88 game APK
providing legal review M88 game APK training support to foreign investment enterprises with respect to major legal issues that may impact their daily business operations.
Team Highlights
Our attorneys have excellent professional skills, extensive business experience M88 game APK specialized practice areas. We borrow from international common practices M88 game APK adapt them to fit the unique investment M88 game APK business requirements in China to provide practical M88 game APK innovative legal services to our clients. We closely follow the latest legal developments in the industrial sectors regulated for foreign investment M88 game APK keep our clients abreast of the latest legal changes.
Recent Representative Cases
The Sale M88 game APK Equity Interests in a Healthcare Company:On June 18, 2024, Grifols, S.A. (“Grifols”), a global healthcare company M88 game APK leading plasma-derived medicine manufacturer, announced the sale of 20% equity interests of Shanghai RAAS Blood Products Co., Ltd. (“Shanghai RAAS”) to Haier Group (“Haier Group”). Grifols sold 20% equity interests of Shanghai RAAS to Haier Group for a cash consideration of RMB 12.5 billion (approximately US$ 1.8 billion) in this transaction. Upon completion of this transaction, Grifols still holds 6.58% equity interests of Shanghai RAAS M88 game APK entered into a strategic cooperation arrangement with Haier Group M88 game APK Shanghai RAAS. JunHe M88 game APK Osborne Clarke, a Spanish law firm, acted jointly as legal advisors to Grifols in this transaction. In 2019, the two law firms jointly advised Grifols in injecting its minority equity interests in its U.S. subsidiary Grifols Diagnostic Solutions Inc. into Shanghai RAAS, acquiring 26.2% equity interests in Shanghai RAAS by way of a cross-border share swap. This transaction was recognized by China Business Law Journal as the Deal of the Year 2020.
Sale M88 game APK Equity Interests in Catering Service Company: In November 2023, Carlyle Group (NASDAQ: CG; “Carlyle”) announced that McDonald USA had agreed to acquire all 28% equity interests held by Carlyle in McDonald Strategic Partnership in mainlM88 game APK China, Hong Kong M88 game APK Macau. The transaction was completed in January 2024. Upon completion of the transaction, the shareholding percentage of McDonald USA increased to 48%. Carlyle is a global investment firm with solid industry expertise that deploys private capital in three business areas: global private equity, global credit M88 game APK global investment solutions. As of 30 September 2023, Carlyle had 2 billion assets under its management. JunHe acted as Carlyle's sole Chinese legal advisor in this project, M88 game APK provided services including vendor due diligence, legal advice M88 game APK antitrust filings, as well as timely, overall M88 game APK thorough legal analysis M88 game APK support to the client through all stages of the project. This ensured the successful execution of the contract M88 game APK the approval from the Chinese government.
Joint ventures in the petrochemical industry:In 2022, INEOS (INEOS) and China Petroleum & Chemical Corporation (Sinopec; Stock Code: 600028.SH, 00386.HK) entered into a series of acquisition and joint venture agreements with respect to four landmark transactions. These were: (1) INEOS acquired 50% of Shanghai SECCO Petrochemical Company Limited, a subsidiary of Sinopec, for a consideration of more than approximately RMB 10.5 billion; (2) Sinopec acquired 50% equity interest in INEOS Benling High-Tech Materials (Ningbo) Limited, a subsidiary of INEOS; (3) INEOS and Sinopec established a 50:50 joint venture company for a high-density polyethylene (HDPE) project, which will have an annual production capacity of 500,000 tonnes upon completion of the HDPE project to be built in Tianjin; and (4) INEOS participated in the Tianjin Nangang 1.2 mtpa ethylene and downstream chemicals project (Tianjin Nangang Ethylene Project) currently under construction by Sinopec. The equity ratio of both parties is 50%. The project is expected to go into production by the end of 2023. The in-depth cooperation between INEOS and Sinopec will reshape INEOS' production and technology footprint in the petrochemical industry in China and will help the development of China's high-end chemical industry. As the domestic legal counsel to INEOS, JunHe participated in the whole process of the four transactions: from conducting due diligence, analysis and demonstration of the transaction scheme, resolving the legal issues involved in the transactions, and reviewing the transaction documents to assisting in the management of the transaction process. The JunHe team once again demonstrated their ability to provide excellent legal services for large and complex cross-border M&A transactions and Sino-foreign joint venture projects.
