International Restructuring Newswire
This issue looks at restructuring changes across The Netherlands, Canada, Australia and the UK, and an article on revisions to India’s bankruptcy laws.
On Monday, China’s National Development and Reform Commission (NDRC), Ministry of Commerce (MOFCOM), Ministry of Foreign Affairs, People’s Bank of China, and the All China Federation of Industry and Commerce announced a rule, for the first time, to regulate private companies’ overseas investments and operations. NDRC and MOFCOM are required to guide POEs in implementation of the new rule.
In the release of the new rule, there are two highlight requirements:
It is important to note that at this stage, there is no clarification on:
As it stands, below are some of the direct impacts on POEs:
We will be keeping a close eye on further developments and aim to keep you apprised. If you have any questions regarding the new rules as it stands, please feel free to contact Wang Yi.
Turkey offers significant potential as well as certain challenges to international investors and developers, in addition to domestic businesses.
On December 31, 2019, the State Council of the People's Republic of China (PRC or China ) released the Regulations on the Implementation of the Foreign Investment Law (Implementation Regulations) which took effect on January 1, 2020.