文章摘要 本文为杨春宝律师关于中国造纸行业成功收购与并购的英文演讲稿提纲。第一部分并购一般流程（信息披露、初步研究、项目评估、尽职调查、资产评估）与关键问题（目标公司选择、投资载体如开曼/BVI/香港公司、审批程序）。第二部分法律法规修订更新（外资并购规定、新企业所得税法、造纸业发展政策）。第三部分法律尽职调查的重要性、概念、程序、内容、重点。第四部分谈判与收购协议（交易方式、法律形式、主要条款）。第五部分案例分析。
关键词：M&A Chinapulp paper industrydue diligenceacquisition agreementforeign investment
Part One
General Process of M & A
General Procedure of Acquisition
P Information Disclosure
P Preliminary Research
P Project Evaluation
P Due Diligence
P Asset Appraisal
P
Some Key Questions
Choice of Target Companies
State-owned company
Private company
Foreign-invested company
Listed company
Choice of Investing Vehicles
Offshore company (Cayman Island
* taxation
Hong Kong company
Approval Processes
Part Two
Amendments and Updates of Laws and Rules
Revision of the provisions on the merger and acquisition of domestic enterprises by foreign investors, effective as of Sep. 8, 2006
New Corporate Income Taxation Law, effective as of Jan. 1, 2008
Unification of tax rates
Development Policy of Paper Industry
by National Development and Reform Commission on Oct.15, 2007
New Challenges
Part Three
Legal Due Diligence
the Importance of Due Diligence
evaluating the reliability of the target company
determining the scheme of the transaction
ensuring the assignment of the target rights & interests
drafting and structuring acquisition agreement
Concept of Legal Due Diligence
Ø investigation on the legal status of the target company
Ø Evaluation of the existent and potential legal risks in the acquisition
Ø Comment and Suggestion on the feasibility of the transaction
Procedure of Legal Due Diligence
Contents of Legal Due Diligence
Contents of Legal Due Diligence
Focus
Can we do too much due diligence?
Part Four
Negotiations and Acquisition Agreement
Deal Option
Legal Form Option
Main Terms and Conditions
Part Five
Case Analysis
Case Summary
In 2004, we were retained to provide our whole-procedure legal service to a foreign company in its acquisition of a paper mill in North China .
Case Analysis
Case Analysis
the work we did during the investigation
Case Analysis
Case Analysis
Case Analysis
Case Analysis
Case Analysis
Case Analysis
Case Analysis
The problems we focused on
Case Analysis
Case Analysis
最后编辑于：2018-09-02 12:35
杨春宝一级律师简介
杨春宝一级律师，大成上海高级合伙人、资本市场部主任、国资基金研究中心主任，大成中国区私募基金专业带头人、科技与文化法律研究中心联合牵头人。执业30余年，长期从事私募基金、投融资、并购重组法律服务，尤其对对赌研究颇深且具有非常丰富的实战经验，并专注于金融机构股权投资业务。2004年起多次入选The Legal 500"私募基金"和"公司与商业"等境内外各类律师榜单，代理的中国法院首例适用外国法律审理外国公司的董事损害小股东权益纠纷案入选上海高院发布的《上海法院域外法查明典型案例》和威科先行"要案头条"。入选上海涉外法律人才库、上海市司法局鼎新法治人才库、上海国有企业改制法律顾问团，具有上市公司独立董事任职资格，系多家知名高校的兼职教授或兼职研究生导师及上海市商务委跨国经营人才培训班讲师。出版《私募股权投资基金风险防控操作实务》等16本投融资法律专著。了解更多常见法律问题
What is the general M&A process described?
Information disclosure, preliminary research, project evaluation, legal due diligence, and asset appraisal, followed by negotiation and signing of the acquisition agreement.
How to choose investment vehicles?
Offshore vehicles such as Cayman Islands or BVI companies for taxation, or a Hong Kong company, depending on structure and regulatory needs.
Why is legal due diligence important?
It evaluates the target reliability, determines the transaction scheme, ensures assignment of rights, and supports drafting the acquisition agreement.
以上内容仅供参考，不构成法律意见。如需专业法律服务，请联系杨春宝一级律师：chambers.yang@dentons.cn
