Search Results for: business

CHINA | Why Transfer Pricing Risks Emerge in M&A?

Companies navigating China transfer pricing within an M&A can face a number of risks. Generally, risks emerge when integrating the target into the group framework.

In 2021, mergers and acquisitions (M&A) cases completed in China broke new historical heights, according to the data from the Ministry of Commerce in China. Successful M&A should encompass various elements of the business operations, including operations, strategy, culture, employee management, system, and so forth.

In the M&A process, Chief Finance Officers (‘CFO’) should consider optimising the […]

Read more

CHINA | Get Ready for Stamp Duty Reforms

On 28 June, the State Taxation Administration issued Implementation of the Stamp Duty Law of the People’s Republic of China and other Related Matters – Notice No. 14 (‘Notice 14’).

Effective from 1 July 2022, Notice 14 replaces the Interim Regulations of the People’s Republic of China and regulates the stamp duty reforms within the specific contracts, agreement and documents executed and utilised within the territory of China.

Below, we highlight the main changes affecting companies in China.

Extended scope

The Notice 14 […]

Read more

HONG KONG SAR ｜ Non-compete Contracts

Enforcing Post-termination Restrictions in Employment Contracts

Employers may consider utilising post-termination restrictions (‘PTR’) in employment contracts to safeguard their business. Specifically, PTR is a common legal tool to prevent senior employees from damaging the interests of the company, actions include working for competitors, soliciting clients or suppliers, and poaching employees after departing the company. Employees under a PTR clause can be limited from joining competitors or activities within a specified period and geographical radius.

In Hong Kong Special Administrative Region (HK SAR), […]

Read more