Foreign Investment Law Briefing

On January 19, the Chinese Ministry of Commerce (MOFCOM) released the Foreign Investment Law (draft for comments) on its website. Of particular interest to foreign ICT companies are the sections pertaining to the viability of the Variable Interest Entity (VIE) structure for foreign investment and the section on implementation of "national security review" for foreign investment in the PRC.

The Foreign Investment Law, which is 40 pages in length, was accompanied by a shorter 8-page Explanation document. The Explanation document clearly states that foreign-controlled enterprises with VIE structures will be interpreted as foreign enterprises under Chinese law, and that such enterprises must file and seek approval from relevant State Council bodies.

On Thursday, February 12, USITO will be hosting an exclusive briefing on the Foreign Investment Law (draft for comments) featuring lawyers from Junhe Law Offices that were involved in the drafting of the new law.

Time: 9:00 - 10:30 AM

Location: USITO office, 3rd floor conference room

Cost: Free

RSVP information: For more information about the briefing or registration please contact Adam at [email protected].