CHINA ALERTER DECEMBER 2009

Foreign-Invested Partnership: Availability of new investment vehicle brings good news for Foreign Private Equity and Venture Capital Investors in the People’s Republic of China

After lengthy legislation procedures, which took more than two years, the State Council finally promulgated on November 25, 2009, the Measures on Establishment of Partnership Enterprises by Foreign Enterprises and Foreign Individuals (“Measures”). The Measures, which will become effective as of March 1, 2010, have been long-awaited in particular by the foreign private equity (“PE”) and venture capital (“VC”) community in China, since they are believed to principally open the gate for foreign investors to use limited partnerships as investment vehicle to set up RMB funds in China.

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Taylor Wessing has prepared an English working translation of the Measures. Upon your request, we would be pleased to provide you with the translation. In this regard please contact us under chinaalerter@taylorwessing.com

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