PPT_突破限制_VIE在中国企业跨境并购与上市中的应用_杨乾武.pdf

简明指引 VIE in a Nutshell 突破限制： Breaking the Restrictions: VIE在中国企业跨境并购与上市中的应⽤ The Application of VIE in China’s Cross-border MAs and IPOs 主讲⼈：杨乾武 ⼤成（深圳）律师事务所⾼级合伙⼈ 主办⽅：梧桐树下V 2017-01-07 ⽬录 第⼀部分 VIE概述：不确定的主流 第⼆部分 VIE主要⻛险：以合法形式掩盖⾮法⽬的之忧 第三部分 解决⽅案与策略 第四部分 福祸相依：《外国投资法 （草案）》后的VIE及全球趋势 第五部分 我们的不同之处 第六部分 保持联系 2/53 Table of Contents PART I VIE Overview: The Uncertain Mainstream PART II Major Risks: Concealing Illegal Intentions With a Lawful Form PART III Solutions Strategies PART IV Mixed Blessing: VIE After the Draft FIL the Global Trend PART V What’s Different About Us PART VI Stay in Touch 3/53 第⼀部分 PART I VIE概述：不确定的主流 VIE Overview: The Uncertain Mainstream 4/53 VIE ：通过⼀系列协议安排模仿股权控制 VIE: Mimic Ownership Through a Series of Complex Contractual Arrangements VIE is used ONLY to The Supreme Court Invalidated an circumvent entrustment agreements Chinese laws on which are similar to VIE foreign investment due to “concealing restrictions or illegal intentions with a prohibitions lawful form” in 2012 The MOFCOM expressly prohibited Walmart from acquiring Yihaodian via