CLIENT SERVICES

Outbound Investment

Overview

In step with strong economic growth at home, China is going global. Since 2005, the central government has implemented various policies, including extension of credit, insurance and foreign exchange services, to PRC entities in an effort to encourage outbound investment. This “Going Global” initiative is now an important part of China’s macroeconomic strategy, and DaHui is on the cutting edge of the policy and strategy developments. Our lawyers have been involved in outbound investment since the policy’s inception, and we are ready to put our experience to use for our clients. We advise on every aspect of outbound investment, from the earliest negotiations all the way through to closing and post-closing issues. We have advised many state-owned and private enterprises in their outbound investments in a wide array of industries, from real estate to mining to internet technology. We also have strong working relationships with local counsel in a number of popular investment destination countries to provide our clients with seamless global legal services.

Our services in this area include:

  • Target identification and deal structure advice
  • Negotiation and drafting of intermediate and final transaction documents
  • Legal due diligence investigations and analysis
  • Selection of local legal counsel and advisors
  • Design and implementation of offshore structure and financing arrangements
  • Establishment of corporate entities
  • Assistance with regulatory compliance, government approvals, licenses and permits
  • Liaison with destination and PRC government authorities
  • Post-investment monitoring, in areas such as antitrust, financial reporting and anti-corruption
  • Management of human resources legal issues, including secondment and foreign hiring and termination
  • Guidance on foreign exchange procedures

Relevant Experience

CICC

Served as lead counsel to China International Capital Corporation Limited (CICC) on its acquisition of Stenders, the Latvian cosmetics producer and seller serving 27 countries - the signing of the deal was witnessed by Premier Li Keqiang.

J&T

Served as sole and full-service counsel to J&T Global Express, a leading courier service provider from Southeast Asia, in its several rounds of international financing (as well as in the related global restructuring and expansion).

Miracogen

Represented Miracogen, a Chinese biotechnology company, in a USD 125 million IP license deal with Synaffix B.V., the Netherlands-based biotechnology company that enables ADC product candidates.

Newegg

Represented Newegg Inc. in the USD 250 million controlling equity sale to Hangzhou Lianluo Interactive Information Technology Co., Ltd, the e-commerce and distribution business listed on the Shenzhen Stock Exchange (002280).

Tencent

Represented Tencent in numerous major investments, totalling over USD 1 billion, including its USD 500 million acquisition of secondary shares of a social media company, the USD 700 million financing of Beijing-based AI unicorn 4Paradigm, four successive rounds of financing of the online education platform VIPKid and financings of China's largest online audio platform Ximalaya, global insurer Aviva and digital healthcare startup Practo.

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