《外資并購民營企業(yè)操作戰(zhàn)略考量重點(diǎn)及操作》課程詳情
點(diǎn)擊下載課大綱及報(bào)名表 課程背景

目前中國民營企業(yè)IPO明顯出現(xiàn)了堰塞湖現(xiàn)象、經(jīng)營環(huán)境的惡化也使得很多民營企業(yè)越來越傾向于向外國投資者出售企業(yè)的控股權(quán)。與此同時(shí)，很多跨國企業(yè)目前也正在加大在中國的戰(zhàn)略布局，早期的綠地投資模式已經(jīng)難以跟上快速擴(kuò)張的步伐，因此直接并購中國境內(nèi)比較成熟的民營企業(yè)成為了眾多跨國企業(yè)迅速占領(lǐng)中國市場的最佳選擇。而眾所周知的是，中國的民營企業(yè)或多或少有所謂的“原罪”現(xiàn)象，如何衡量和控制由此產(chǎn)生的并購風(fēng)險(xiǎn)因此成為主要的考量。另外，中國政府對(duì)外資并購境內(nèi)企業(yè)目前有眾多的審批要求，包括但不限于商務(wù)部門審批、外匯核準(zhǔn)（登記）、反壟斷審查、國家安全審查、稅務(wù)申報(bào)等等，如何將國際通行的并購操作和中國的政府審批實(shí)踐相結(jié)合，也在跨國公司在實(shí)施并購中必須面對(duì)和解決的問題。如何去解決這些主要的問題，則需要具有豐富經(jīng)驗(yàn)的并購顧問提供切合實(shí)際的戰(zhàn)略指導(dǎo)。

特邀上海元達(dá)律師事務(wù)所的資深顧問蔡律師客座講授。蔡律師是具有非常豐富的一線項(xiàng)目操作經(jīng)驗(yàn)的專職并購律師，本課程的主要特點(diǎn)就是完全務(wù)實(shí)、一切從實(shí)際案例出發(fā)、從解決并購中的實(shí)際問題入手，從而避免類似講座的空談理論現(xiàn)象。

為什么要并購：你的關(guān)鍵戰(zhàn)略考量
Why M&A: Your key strategic considerations
減少潛在競爭對(duì)手
Reduce potential competitors
獲得市場進(jìn)入渠道
Gain market entry channels
獲得生產(chǎn)能力
Gain production abilities
獲得品牌、技術(shù)和關(guān)鍵管理人員
Gain brand, technology and key management staff
并購時(shí)機(jī)是否有利買方
Whether the acquisition time is beneficial to the buyer
所在行業(yè)對(duì)外資并購項(xiàng)目的影響
Industry impacts on foreign mergers and acquisitions
可否100%并購？
Is 100% M&A ok for you?
合資是過渡安排還是長期策略
Transition arrangement or long-term strategy for the joint venture?
VIE結(jié)構(gòu)的風(fēng)險(xiǎn)
The risk for VIE structure
國家安全審查
Country safety review
如何確定最佳并購主體：利弊分析
How to confirm the best M&A subject: Analysis of advantages and disadvantages
海外SPV？
Overseas SPV?
境內(nèi)投資性公司？
Domestic investment company?
境內(nèi)一般外資企業(yè)？
Domestic foreign-invested company?
股權(quán)并購VS資產(chǎn)并購，如何做出切合實(shí)際的選擇？
Equity M&A vs. Assets M&A, how to make the proper decision?
你最看重目標(biāo)公司什么資產(chǎn)？
What do you most value in the target company's assets
需要慎重考慮經(jīng)營證照重新申請(qǐng)的難度
Need to carefully consider the difficulties of business license renewal application
債務(wù)的繼承和潛在責(zé)任的承擔(dān)
Debt inheritance and bear of potential responsibility
員工的去留和勞動(dòng)合同問題
Employees stay or go and labor contract issues
稅務(wù)上哪個(gè)安排更經(jīng)濟(jì)
Which is more economic for tax planning
資產(chǎn)收購真的可以避免目標(biāo)公司債務(wù)風(fēng)險(xiǎn)嗎？
Can asset acquisition really avoid debt risks of the target company
需要籌劃海外公司構(gòu)架嗎？
Is it need to plan the overseas company structure?
海外收購的優(yōu)點(diǎn)
The advantages of overseas acquisition
可否創(chuàng)造一個(gè)海外構(gòu)架
Possibility of creating an overseas structure
返程投資的問題
The issue of return investment
稅發(fā)698號(hào)文的申報(bào)要求和實(shí)踐操作
Reporting re-quirements and practices in No. 698 tax issue
哪些政府審批要過，一開始就要做好的功課
Which government approvals need to be passed, it should be well prepared in the very beginning
反壟斷審查的最新政策動(dòng)向
The latest policy trend of antitrust review
公司法最新修訂對(duì)審批要求的影響
The impact of latest revised company law towards the review re-quirements
是否有行業(yè)主管機(jī)關(guān)
Is there industry supervisor organization
除當(dāng)?shù)赝赓Y委外，是否需要發(fā)改委的審批
In addition to the local foreign investment committee, is it need to be reviewed by the development and reform committee
工商局：經(jīng)常會(huì)有你意想不到的登記麻煩
Secretary for trade and industry: there are often unexpected registration troble
外管局：并購登記和資產(chǎn)變現(xiàn)賬戶的開立
State administration of foreign exchange: M&A registration and the setting up of asset cash accounts
并購后證照變更的審批
The approval of license changes after the merger approval
購買股權(quán)比例及其對(duì)并購后公司治理的影響
Purchase equity ratio and the impact to company management after M&A
外資占大股如何設(shè)置合資治理結(jié)構(gòu)
How to set the joint-venture management structure in case the foreign investment is major shareholder
50-50時(shí)如何設(shè)置合資治理結(jié)構(gòu)
How to set the joint-venture management structure in case of 50-50
外資占小股時(shí)如何保護(hù)自身的利益
How to protect your own interests in case the foreign investment is the minority shareholder
高級(jí)管理人員的任免策略
The appointment and dismissal of senior management policy
目標(biāo)公司股權(quán)結(jié)構(gòu)過于分散怎么辦？
How to deal with the case that the ownership structure of the target company is too dispersive
是否可能先集中再并購
Is it possible first concentrate, second M&A
如果有股東不愿意退出怎么辦
What if shareholders don't want to quit
按比例收購是否可行
Is proportional takeover feasible
小股東可能對(duì)公司運(yùn)作產(chǎn)生的重大影響
The minority shareholders are possible to significantly impact on company operation
收購選擇權(quán)和退出選擇權(quán)如何設(shè)計(jì)
How to design the choice right of acquisition and quit
目標(biāo)公司管理層：去還是留？如何去，如何留？
The target company management team: leave or stay? How to leave, how to stay?
目標(biāo)公司管理層的過渡作用
The transition function of target company management team
怎么樣留住原管理層
How to reserve the original management team
股東到職業(yè)經(jīng)理人的轉(zhuǎn)變
The transition from shareholder to professional executive staff
原管理層的解職策略
Dismissal of the original management strategy
不競爭條款：注意商業(yè)不競爭義務(wù)和員工競業(yè)禁止的區(qū)別
Non-competition clauses: pay attention to the difference between commercial non-competition obligations and employee non-compete
售股股東的不競爭義務(wù)
The non-competition obligations of the share sale shareholders
當(dāng)售股股東同時(shí)成為公司員工
When the share sale shareholders meanwhile become company employees
不競爭的期限：適用合同法還是勞動(dòng)法
Non-competition period: contract law or labour law
意向書中最需要關(guān)注的要點(diǎn)：保密和排他性約定
The points need to focus in the letter of intent: confidentiality and exclusivity agreement
注意區(qū)分哪些條款是有約束力的
Pay attention to which kind of clause are binding
保密條款如何設(shè)計(jì)對(duì)買方有利
How to design the confidentiality clause to be beneficial to the buyer
排他性約束：避免半路殺出個(gè)程咬金
Exclusion constraint: avoid ‘jump in monsters’
法律盡職調(diào)查：如何去發(fā)現(xiàn)重大問題？
Legal due-diligence: How to find out the key problems
哪些公開資源可以查詢
What kind of public resource could be demand
私人調(diào)查機(jī)構(gòu)可以用嗎
Can we use the private research institutions
目標(biāo)公司材料的收集和管理層會(huì)談注意事項(xiàng)
Target company materials collection and the considerations of management team meeting
注意和其他部門的合作與資料分享
Pay attention to the co-operation with the other departments and material sharing
法律盡職調(diào)查中常見的重大問題分析
The common major problems analysis in legal due diligence
股權(quán)復(fù)雜或者不清晰，有糾紛或存在代持現(xiàn)象
Equity is complicated or unclear, there are disputes or held by others instead
存在未經(jīng)審批的返程投資或者VIE結(jié)構(gòu)安排
Exist the return investment without the approval or VIE structure arrangement
核心經(jīng)營證照缺失或者即將到期
The lack of core business license or is going to expire
低繳土地出讓金或者擅自改變?nèi)莘e率
Low pay land leasing fee or changing volume rate without authorization
土地使用權(quán)為劃撥
Land allocation
沒有房產(chǎn)證
No certificate of real estate evaluator
勞動(dòng)合同和勞動(dòng)手冊(cè)不合規(guī)
Labor contract and labor manuals not compliant
不合法的勞務(wù)派遣
Illegal labor dispatch
少繳社保金
Pay less social security
并購重組需要第三方同意
Mergers and restructuring needs the consent of third parties
關(guān)聯(lián)交易是否公平合理
Are the related party transactions are fair and reasonable
有嚴(yán)重的商業(yè)賄賂行為（交易重點(diǎn)調(diào)查問題）
There are serious commercial bribery (the survey questions of business deal highlights)
有侵犯他人知識(shí)產(chǎn)權(quán)行為
Infringes the intellectual property rights
沒有獲得適當(dāng)環(huán)評(píng)批復(fù)或者違規(guī)排污
Without proper environmental assessment approval or illegal sewage
有正在發(fā)生的訴訟或者將發(fā)生的訴訟
There is ongoing litigation or coming litigation
如何評(píng)估目標(biāo)公司的不法行為，買還是不買？
How to assess the target company's wrongful, to buy or not?
風(fēng)險(xiǎn)是否涉及刑事責(zé)任
Whether the risks touch criminal liability
風(fēng)險(xiǎn)是否可以量化
Whether the risk can be quantified
風(fēng)險(xiǎn)是否影響并購目的的實(shí)現(xiàn)
Whether the risk affect the realization of M&A goal
股權(quán)轉(zhuǎn)讓協(xié)議：關(guān)鍵條款的法律分析
Equity transfer agreement: the legal analysis of key clauses
付款的節(jié)奏和資金的安全
The payment rhythm and financial security
收購價(jià)格的調(diào)整
The acquisition price adjustment
政府審批及反壟斷申報(bào)條款
Government approval and antitrust filings teams
不競爭、不招攬
No competition, no incur
稅務(wù)申報(bào)
Tax filing
原名稱和商號(hào)的使用
The use of original name and business brand
爭議解決
Dispute resolution
語言及文本效力
Language and text effection
并購中的外匯問題：匯差可能讓你損失慘重！
The Foreign Exchange Issue in M&A: Exchange rate difference may make you lose
在什么情況下以什么幣種計(jì)價(jià)對(duì)自己最有利
In what circumstances, to denominate in what currency is most beneficial for your own
外資并購的外匯登記
The FE registration in foreign investment M&A
究竟以什么匯率為準(zhǔn)：付款時(shí)還是外管局的出資確認(rèn)登記
What kind of rate taken as the standard: payment time or funding confirmation registration of state administration of foreign exchange
有外資并購陷入嚴(yán)重外匯糾紛
Some foreign investment mergers are skin into serious foreign exchange disputes
交易附屬協(xié)議的起草和審閱要點(diǎn)
Trading subsidiary agreement drafting and reviewing key points
母公司擔(dān)保的問題
Parent company guarantee problem
出售方律師的法律意見書
The legal opinions letter from sellers attorney
過渡期間協(xié)議
Transition period agreement
資金監(jiān)管：比例、用途和安全
Fund supervision: Ratio, use and security
資金監(jiān)管期限和外資并購付款期限要求的沖突
The conflict between fund supervision limitation and foreign investment mergers payment limitation re-quirement
一般多少比例資金合適
What proportion of funds generally fit
監(jiān)管賬戶開在誰的名下？
Regulatory accounts opened under the whose name?
如何確保監(jiān)管資金的安全？
How to ensure that regulatory capital security
Earn-out在中國可行嗎？
Is Earn-out feasible in China?
什么是Earn-out安排
What is Earn-out arrangement
Earn-out是否和審批機(jī)關(guān)的要求沖突
Dose Earn-out conflict by the approval authority’s re-quirements
交割：什么時(shí)候進(jìn)行交割，如何交割？
Delivery: When the delivery, how?
交割需要遞交的文件
The submit files re-quired during the delivery
交割條件的滿足
To meet the delivery conditions
交割的實(shí)際操作要點(diǎn)
The practical operation points in delivery
并購后企業(yè)成功融合的要點(diǎn)
Enterprise successful integration after merger and acquisition
保留原管理團(tuán)隊(duì)有利有弊
The pros and cons of retaining the original management team
文化融合最重要，強(qiáng)龍如何和地頭蛇和諧相處
The culture integration is the most important, dragon how to harmony with local bosses
制度必須逐步統(tǒng)一
System must be progressive unification
重視合規(guī)意識(shí)的提高
Emphasis on compliance awareness raising

《外資并購民營企業(yè)操作戰(zhàn)略考量重點(diǎn)及操作》培訓(xùn)受眾
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