Outbound Investment

Outbound investment is a multidisciplinary sector, with each investment project requiring the bespoke compilation of experts in different legal sectors. Reflecting the diversity of the projects we advise on, our outbound investment team is a multidisciplinary group composed of dozens of partners M88 app associates specializing in M&A, anti-trust, financing,trade & transactions, data compliance, capital markets M88 app other relevant disciplines. Each member of our team has graduated from a top law school in China or abroad M88 app most of our attorneys have practiced at European M88 app/or U.S. law firms. Our lawyers are experts in the laws M88 app business practices guiding cross-border transactions, M88 app are fluent in Chinese, English M88 app Japanese M88 app are capable of working in French M88 app German.


Scope of Core Services

  • Assembling M88 app managing legal teams in various jurisdictions;

  • Completing regulatory approvals, filings M88 app registrations in China;

  • Advising Chinese companies on legal M88 app regulatory requirements regarding foreign investment, national security, anti-trust, anti-corruption, data compliance, permits & licenses, foreign exchange, labor, environmental protection M88 app safety production, in conjunction with local lawyers;

  • Structuring project financing;

  • Conducting M88 app overseeing legal due diligence on target companies;

  • Working with local counsels to conduct compliance due diligence on target companies M88 app their stakeholders;

  • Drafting, revising M88 app negotiating investment agreements, financing agreements M88 app other transaction documents;

  • Working with local lawyers to complete foreign investment reviews, merger control filings M88 app national security reviews (where necessary);

  • Providing translation services;

  • Closing transactions M88 app completing post-closing matters.


Experts in Coordination


Due to the differences in legal regimes, language, culture M88 app practices, some misunderstM88 appings are likely to occur in direct communications between Chinese enterprises M88 app foreign lawyers. We have years of experience M88 app knowledge in cross-border investment M88 app financing services, a thorough understM88 apping of local M88 app international legal practice M88 app cultures, as well as expertise in foreign languages. Our outbound investment team has led foreign lawyers M88 app undertaken seamless communication with our clients. This has enabled our clients to fully comprehend the legal issues M88 app risks involved in their projects M88 app enabled us to reflect in transaction documents the true commercial intent of each client.

Recent Representative Cases

We represented a consortium of investors including Three Gorges Capital in their investment in China Yangtze Power’s USD 3.6 billion (base price) acquisition of a large power distribution company in Peru. JunHe provided comprehensive legal services in connection with this project, including but not limited to providing advice regarding PRC M88 app foreign laws, drafting, reviewing, revising M88 app negotiating transaction documents, reviewing, revising M88 app negotiating bank financing documents, M88 app assisting with the closing.


We represented Luye Medical Group in its acquisition of 100% equity interest in Healthe Care, the third largest private hospital operator in Australia. The deal value reached USD 688,000,000 (~RMB 4,400,000,000). It was a large outbound M&A deal in terms of deal value in the Chinese medical industry M88 app attracted intense attention. As the Chinese legal counsel for Luye Medical Group, JunHe structured the transaction, drafted, reviewed M88 app revised certain transaction documents M88 app provided legal services related to the outbound investment regulatory approvals M88 app filings.


We represented China National Tire & Rubber Co., Ltd. (“CNRC”), a subsidiary of China National Chemical Corporation, in its acquisition of 100% shares in Pirelli, an Italian public company. The Chinese investors invested several billions of euros in this project. Our corporate M88 app M&A team provided services related to outbound M&A, our banking team provided services related to syndicated loans at home M88 app abroad, our antitrust team provided services related to the merger control filings M88 app our private equity team provided legal services related to the participation of investment by the Silk Road Fund.


We represented China Energy Engineering Group Planning M88 app Engineering Co., Ltd. in its acquisition of all shares in GHESA Ingeniería y Tecnología, S.A. M88 app Empresarios Agrupados Internacional, S.A., both being Spanish companies. We provided comprehensive legal services to the client, including without limitation, participating in the design of the investment structure, providing advice under PRC M88 app foreign laws M88 app coordinating with foreign law firms to conduct due diligence investigation M88 app other legal work. We were involved in drafting, reviewing M88 app revising the merger & acquisition transaction documents M88 app participated in negotiations. We reviewed M88 app amended the bank financing documents M88 app participated in negotiations, assisted in preparing documents for approval/filing in the PRC, assisted in completing the closing, M88 app provided legal services with respect to post-investment integration.This is the largest acquisition of a Spanish engineering company by a Chinese company to date.