With the acceleration of consolidation in the pharmaceutical industry, anti-monopoly review has become a key link in the merger and acquisition process. Especially after the implementation of the new declaration standards, whether to declare, how to declare, and what regulatory risks may be faced have become issues that the legal and investment teams of enterprises must consider in advance. This article, in combination with the latest regulations and recent practical experience, systematically sorts out the reporting requirements for business concentration in the pharmaceutical industry and provides it for your reference.

In the previous articles, we have systematically interpreted several common investor priorities, including the right of first refusal, the right of joint sale, the right of first refusal, the right of first refusal, the right of anti-dilution, the right of liquidation priority, and the right of first refusal. This article will further focus on the right of first dividend and the right of first refusal, which, although not universally applicable, are of great significance in specific transactions. And deeply analyze the underlying logic and key points of the negotiation.

By clarifying the basic legal relationships among the general contracting company, the subcontracting company, the project supplier and the project manager, it is determined whether there is a legal basis for the property loss involved in the case, and then it is concluded whether there is any infringement of legal interests. Based on the nature, ownership, specific usage and subsequent write-off of the involved funds, and in combination with the elements of the crime, it is ultimately determined whether there are criminal acts such as misappropriation of funds and embezzlement of duty.

During the investigation stage, since lawyers are not allowed to review case files, it is particularly important for them to have a comprehensive understanding of the case, how to effectively meet with the criminal suspect and how to communicate with the public security authorities, as well as the formulation and adjustment of the defense plan.

"Ban the Box" was originally an initiative campaign in the United States, aiming to encourage employers to remove the checkbox (" Box ") for "Criminal record" from job application forms, so that job seekers would not be treated differently due to criminal records at the initial stage.

With the continuous advancement of the "Belt and Road Initiative", Malaysia, leveraging its geographical advantage at the core of Southeast Asia, relatively sound legal system and open and inclusive multicultural environment, is increasingly becoming one of the important destinations for Chinese enterprises and individuals to "go global".