Mergers and acquisitions in China are becoming increasingly relevant to practitioners both in and outside of China as a secondary M&A market in China develops. The explosive growth of of the PRC economy means that the Chinese market is viewed as a land of opportunities to businessmen.
In this new book W. Seung Chong draws together overarching issues such as transaction structure and process, investment restrictions and merger control, before focusing on practical issues such as the representations and warranties that are typically given in an acquisition. The main part of the work follows the categories of a typical M&A agreement (sale interest; legal and regulatory requirements; assets and intellectual property) giving a full account of practice in these areas in China. In addition there are three preliminary chapters dealing with specific issues relevant to Chinese mergers and acquisitions eg, the sale process in China, the regulatory regime, approval procedures, foreign ownership restrictions and merger control.
There is substantive commentary on relevant legal principles and references to international practice throughout, resulting in a practice-oriented, and extremely accessible text.