Home >> Practices >> International BusinessThe International Business Department is one of the leading practice groups in JZJ. All lawyers in this Department possess at least a Master's degree in law granted by some of the most prestigious law schools in China, and have received foreign legal education from overseas. Some of them, having been engaged by foreign law firms overseas, also possess foreign legal work experience. Equipped with excellent academic background and foreign experience, every member in this Department understands well the needs of foreign clients and is dedicated to providing practical legal solutions in relevant business contexts. JZJ's international practice can be classified into four main areas: international financing, overseas corporate finance, international direct investment, and international dispute resolutions. International Financing With China's entry into the WTO together with increased economic integration, Chinese capital markets have vastly opened up with a huge volume increase in international financing businesses. Currently, China still exercises strict control over foreign exchange under capital account. Chinese currency is not yet freely convertible, and foreign investment is still being restricted in China's capital market. However, China's financial markets have already directly or indirectly interacted with international markets through various financial innovations and special institutional arrangements. Foreign financial institutions (especially banking organizations) are now increasing their businesses in China, setting up branches or joint ventures or wholly foreign funded institutions to engage in RMB business and introducing advanced wealth management services. Qualified Foreign Institutional Investor (QFII) system has been introduced into China's stock market. Foreign investors are invited to participate in the disposal of non-performing loans. Domestic financial institutions are actively involved in innovative intermediary business and offshore business. The cross-border foreign exchange transactions and financial derivatives business are being conducted at increasingly enormous scale. The healthy development of financial markets depends heavily on the establishment and comprehensiveness of the legal system. Currently, China's capital markets offer tremendous opportunities. With China's accession to the WTO and the rapid development of China's financial market, international finance has become one of the most important practice areas for Chinese lawyers. JZJ is committed to serving international and local financial communities in many ways, including but not limited to conducting and pioneering in-depth research, engaging in legislative and international exchange activities, maintaining clear and open communication channels with regulatory authorities, providing both domestic and foreign financial institutions with financial market legal research services, advising on financial transactions such as syndication loan, project financing and financial innovations, restructuring of financial institutions and financial debts. As the first Chinese law office to become an associate member of the International Swaps and Derivatives Association (ISDA), JZJ has been advising a number of domestic and foreign financial institutions in respect of their derivatives transactions, and also actively participated in the formulation of and research on various derivatives related legal and regulatory rules. Over the years, JZJ has rendered legal services to financial institutions, especially foreign financial institutions, in the following areas:
Overseas Corporate Finance In recent years, Chinese enterprises have become increasingly active in obtaining financing via overseas capital markets (IPO, M&A and right issues). Working closely with offshore intermediary institutions, JZJ has achieved an outstanding record. Our services include the following: Providing general advices; Designing restructuring schemes for the purpose of overseas IPO; Drafting various shareholders agreements, articles of associations, bylaws, operational rules, corporate actions and reporting documents, etc.
International Direct Investment (FDI) International direct investment is another core area in our international business practice. For many years, foreign enterprises have been adopting one of three vehicles when investing in China: wholly foreign-owned enterprises, Sino-foreign equity joint ventures, and Sino-foreign contractual joint ventures. However, as market oriented reforms continue to progress, an increasing number of foreign enterprises have been turning to merger and acquisition involving domestic enterprises in realizing their investment goals. Due to the complexity and inconsistency in the regulatory systems concerning FDI and M&A, professional legal services are of crucial significance to foreign enterprises which are conducting various investment activities in China. Over the years, JZJ has been advising and assisting corporate clients from all over the world including Europe, America, Japan, Korea, Hong Kong, Macao, Taiwan and Southeast Asia, in connection with their investments in the PRC over a wide range of business areas, such as manufacturing, telecommunications, energy, infrastructure facilities, environment protection, hospitality, media, real estate, and entertainment. Legal services that JZJ provides include:
As domestic private enterprises increase their overseas investments, JZJ also provides extensive legal services in connection with their overseas investments and M&A, and works with foreign law firms when necessary. In addition, JZJ has also been retained as legal consultant for numerous foreign investment enterprises in China.
International Dispute Resolution Our lawyers possess excellent foreign language skills and have rich experience in representing domestic and foreign clients in resolving disputes concerning international finance, international investment and international trade. Our services include the following:
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