Uncategorized

Edward E. Lehman – Lehman, Lee & Xu China’s Ministry of Commerce (MOFCOM) has recently issued a notice stating the arrangements for the employment service cooperation with New Zealand. According to the “Free Trade Agreement between the Government of the People’s Republic of China and the Government of New Zealand” (the Agreement), New Zealand undertakes …

China Announces Details Regarding Employment Service Cooperation With New Zealand Read More »

Ivanhoe Mines announced its results for the quarter ended June 30, 2010 on August 16, 2010. Ivanhoe Mines Ltd., being one of the most prosperous mine enterprises in Mongolia, is focused on the development of its discoveries in the Asia Pacific region. The second quarter review has shown its status of development in its business. …

IVANHOE MINES ANNOUNCES FINANCIAL RESULTS AND REVIEW OF OPERATIONS FOR THE SECOND QUARTER OF 2010 Read More »

The Mongolia Investment Summit 2010 will be held on 23-25 November at Royal Garden Hotel, London, UK. The Summit, which government officials, Mongolian businesses will together discuss the opportunities and risks surrounding investing in Mongolia, has attracted plenty of outstanding entities in and out of Mongolia. Lehman, Lee & Xu, as the largest law firm …

Lehman, Lee & Xu promoting and attending the Mongolia Investment Summit Read More »

Lehman, Lee & Xu – August 19, 2010 In September 2010, Stanford University Press is expected to publish a new book named Foreign Firms, Investment, and Environmental Regulation in the People’s Republic of China. Its author Phillip Stalley, who is an assistant professor of Political Science at DePaul University in Chicago, centers the book with …

Stanford University Press is to Publish New Book on Foreign Firms’Investing in China Read More »

The China Insurance Regulatory Commission (CIRC) issued a set of “Interim Measures on the Utilization of Insurance Funds” (Measures) recently, concerning the regulation of investments of the insurers with the insurance funds. Following the Measures, CIRC also released a “Notice of the Modification of Insurance Fund Investment Policies” (Notice) on August 11, giving further details …

China Release New Rules on the Utilization of Insurance Funds Read More »

On July 22 nd 2010, shareholders of the direct-selling cosmetics giant, Avon Products Inc., sued its board and three former directors for their alleged failure to prevent improper payments in China. The payments which include traveling, entertaining and other expenses allegedly provided to a senior official from the Chinese Ministry of Commerce. In late 1990s, …

Avon Shareholders sue Board over improper payments in China Read More »

On April 30, 2009, the Ministry of Finance and the State Administration of Taxation (the “SAT”) jointly issued the Notice on Certain Issues of Corporate Income Tax Treatment of Enterprise Reorganizations (the “Notice”). The Notice provides corporate income tax treatment of various types of reorganizations including debt restructurings, acquisitions of equity, acquisitions of assets, mergers, …

China Clarifies Tax Rules for Enterprise Reorganizations Read More »

In recent weeks, the Chinese baby-formula manufacturer, Synutra International (“Synutra”), has come under fire due to the allegations that some of its milk-powder products may cause premature sexual development in baby girls. It all starts from a report stating that 3 baby girls in Wuhan, Hubei province who all drink Synutra milk-powder products showed signs …

Tumult Against China-Based Synutra——alarm for U.S. Companies owning stakes in Chinese food manufactures Read More »

—— Denied Discrimination on foreign businesses On August 12, 2010, the MOFCOM held a press conference toward anti-monopoly matters. During the meeting, the Chief of the Anti-Monopoly Bureau Shang Ming introduced the implementation of the <Anti-Monopoly Law> after its publication two years ago and answered the questions from both domestic and foreign reporters. Among all …

MOFCOM held Press Conference Read More »

On August 5 th 2010, China’s Supreme People’s Court (SPC) issued a set of regulations providing a detailed ruling basis for cases involving foreign investment companies regarding equity transfer, anonymous investment and other procedures, which will enter into effect on August 16 th 2010. The regulations are based on General Provisions of the Civil Law, …

Supreme People’s Court Released New Provisions about Issues Involving Foreign-Invested Enterprises Read More »