China M&A Law Report (Volume 2006)

Author: Shi Jian San, Editor-in-Chief
Publisher:
Publishing Date: 2006-08-01
Features:《China M&A Law Report》(2006 Edition) manuscript, it is a great pleasure to see that legal scholars have finally entered this highly innovative practical field from an academic perspective. The teachings of management scholars and economists are often emotional and subject to more variables, which, while catering to the passion for innovation, somewhat weaken the foundation of standardized operations. Over the past decade, M&A transactions have swept into China's difficult yet growing market economy, not only causing traditional-minded management officials with "shut-down, merge, transform, and reorganize" powers to oppose them fiercely but also overwhelming and frightening open-minded entrepreneurs. Especially with pseudo-ideological tendencies like "impacting economic order," "loss of state-owned assets," and "threats to national security," those involved in discussing and conducting M&A have had to dedicate significant effort to explaining and debating the basic concepts and functions of M&A. Additionally, in recent years, many corporate tycoons and market speculators have often used the banner of "M&A integration" to gain prominence in the industry, with the successful ones being hailed as leaders and the failures being disgraced by M&A. Therefore, approaching M&A from a legal perspective is a long-standing demand from the industry. The M&A Law Research and Consulting Center is the first domestic research institution established by the Law Institute of the Shanghai Academy of Social Sciences, specializing in the study of M&A legal issues. Its purpose is to regulate M&A phenomena through the rule of law, guide M&A development with legal studies, introduce the latest research findings on M&A law worldwide, thoroughly analyze various theoretical issues in M&A, closely monitor the practical challenges of M&A operations, and build a platform for exchanging theoretical research and practical operations in M&A law to promote the rule-of-law process of M&A activities in China. 《China M&A Law Report》(2006 Edition) is the first annual report on M&A law published after the center's establishment, and its pioneering significance is truly remarkable. I have known Jian San for many years, and his monograph 《Transnational M&A Theory》(1999) was China's first systematic theoretical work on transnational M&A. As a senior lawyer with a master's degree in law and a doctorate in economics, Jian San has directly participated in the legal operations of dozens of domestic and international M&A transactions and presided over the arbitration of dozens of M&A disputes, demonstrating extensive experience and outstanding reputation. Gratefully, Jian San has assisted me in co-establishing the Global M&A Research Center and later the All-China Federation of Industry and Commerce M&A Association, and has served as the editor-in-chief of 《China M&A Report》, which has since become an industry annual. With the experience of the predecessors, when legal scholars enter, reason will restrain passion, and procedures will guide actions. We hope that the publication of 《China M&A Law Report》(2006 Edition) marks the entry of China's M&A market into a well-ordered development period.