China: Signals VIE No Longer an Obstacle in Merger Filing

Published on Oct 20, 2020

Earlier this year, the Chinese antitrust authority unconditionally cleared a joint venture between Yum China and Mininglamp involving VIE structure, the first of its kind and marks a milestone for future VIE filings. Based on our first-hand experience (incl. recent practices) and observations, we will discuss certain key issues arising in a merger filing involving a VIE structure and practical merger filing guidance for transactions involving VIE entities or their controllers.