Zhong Lun successfully secured the first unconditional anti-trust clearance on the merger filing involving VIE structure 2020-07-22
Recently, Zhong Lun successfully supported a multinational company in restaurant and catering industry and a high-tech company to obtain the unconditional clearance from PRC anti-trust authority, SAMR, for their joint venture project. Notably, this transaction is the first case involving VIE structure that has obtained the unconditional clearance from PRC anti-trust authority, and marks a milestone for the merger filing of its kind in future.
Zhong Lun advised on every aspects of the merger filing for this transactions, including making the filing assessment at early stage of the transaction, formulating proper filing strategy and plan, preparing notification and supplementary submissions, representing the parties in discussing with SAMR for dozens of rounds. The acceptance of and unconditional clearance for this transaction once again demonstrates Zhong Lun’s extensive expertise and strong capability in handling novel and complex antitrust matters, and also shows SAMR’s efforts to support pandemic control and work/production resumption in catering industry.
Zhong Lun also acted as this multinational company’s counsel and provided a full range of legal services for the joint venture transaction. The transaction work of this project was led by our partners, Rachel Li and Helen Cheng, and the anti-trust work was led by our partners, Scott Yu, Frank Jiang and Rachel Li. Other team members include Elemy Yuan and Samuel Zhang.