Herbert Smith is pleased to announce the 2012 edition of the China investment guide. The 2012 guide presents a concise overview of China’s rules relating to foreign direct investment, M&A, various other business transactions and dispute resolution. Click here for a direct link to the guide.
Two Beijing securities analysts have been convicted of obtaining and deliberately divulging State secrets relating to PRC macroeconomic data. They have been sentenced to 5 years 6 months imprisonment and to 6 months imprisonment and 1 year’s probation respectively.
This latest case is related to the recent convictions of two PRC government officials for divulging State secrets. It demonstrates the PRC Government’s and the People’s Procuratorate’s willingness to proceed against analysts who knowingly receive and circulate sensitive material, and also reflects the Chinese court’s approach to sentencing in these cases. To read our more detailed briefing about the case and some key tips, click here.
The European Commission published a wide ranging consultation (the Consultation) on its review of the Markets in Financial Instruments Directive (MiFID) in December 2010. The Consultation, which closed on 2 February 2011, sought views of market participants, regulators and other stakeholders on a range of potential changes to the existing MiFID legislation. The responses submitted to the Commission will be used to inform its formal proposal to amend MiFID, which is expected to be published in June.
In advance of the formal Commission proposal, this paper considers some of the issues raised by the Consultation in relation to the regulation of inducements under MiFID.
Click here to view our briefing.