Fees required for filing legal opinions for private placements

Fees required for private placement filing legal opinions
Fees required for private placement filing legal opinions Deng Yong
Fees required for private placement filing legal opinions Deng Yong
Fees required for private placement filing legal opinions Deng Yong
I would like to ask how to write the legal opinion for private placement registration, which law firm is more authoritative. Nowadays, many companies have headaches because of this legal opinion. Now they don’t have to worry about it because Venture Capital Wealth (Beijing) Asset Management Company has successfully helped customers successfully file many cases. When you see this post, many people will doubt it. In fact, you can rest assured that our company is currently operating and has successfully operated cases. There are many pictures and truths. All it takes is one phone call for you to learn all the relevant information about the entire filing process.
I believe it is better to take action to verify the authenticity
Let’s briefly analyze the form after the new regulations are released
On the day of the year, the Securities Investment Fund Association of China (AMC) issued the "About Further Standardizing Private Equity Funds" Announcement on Certain Matters concerning the Registration of Managers" (Announcement), and "Guidelines for Legal Opinions on the Registration of Private Equity Fund Managers" (Guidelines).
The new regulations clarify that private equity fund managers must submit legal opinions for filing under certain specific circumstances.
After the publication of the article, many private equity fund managers preconceivedly believed that a legal opinion was just a matter of stamping and signing. Some activists have called on their peers online to join together to bargain.
On the other hand, the lawyers felt that it was another laborious task for them to deal with the long list of verification items.
It is precisely because of the asymmetric understanding of legal opinions that private equity fund managers and lawyers have different interpretations of them. I am trying to introduce and explain from the perspective of a legal practitioner what the main purpose of a legal opinion is?
1. Why is a legal opinion needed?
The vigorous development of the private equity fund industry has also highlighted the following problems:
. Miscellaneous
Private equity institutions are a mixed bag. Some fund managers exaggerate and distort publicity to mislead investors.
. Chaos
Private equity institutions have weak legal awareness and chaotic business. Some institutions have promised to protect capital and profits, illegally raise funds in the form of private equity, and even engage in illegal and criminal activities such as profit transfer and insider trading.
. False
Some institutions do not fill in the reports truthfully, update information, make false promises to the association, or even lose contact for a long time.
In order to protect the interests of investors, standardize the industry's compliance with laws and regulations, and prevent the moral hazard spillover of registration application institutions, the announcement introduces the due diligence of legal intermediaries. Under certain circumstances, private equity fund managers must submit legal opinions for filing. .
There are also some resource transfers
Haidian District Fund Management Company with equity registration
Haidian Internet Financial Services Outsourcing Company
Tianjin Financial Leasing Company with more than one year
Investment Fund Management Co., Ltd. Chaoyang District newly registered companies are relatively clean
Xicheng Enterprise Management Company and other types of companies
2. Does the legal opinion only need to be signed by a lawyer?
According to the provisions of the guidance document, when a lawyer issues a legal opinion, at least thirteen major items need to be reviewed:
Whether the applicant organization is established in China in accordance with the law and effectively exists.
Whether the business scope recorded in the industrial and commercial registration documents of the applicant organization complies with relevant national laws and regulations. Whether the name and business scope of the applicant institution contain words such as fund management, investment management, asset management, equity investment, venture capital, etc. that are closely related to the business attributes of the private equity fund manager; and whether the name of the private equity fund manager contains words related to private equity.
Whether the applicant institution complies with Article 1 of the "Interim Measures for the Supervision and Administration of Private Equity Investment Funds", Article 1 of the Professional Operation Principles. Explain whether the main business of the applicant institution is private equity fund management business. The industrial and commercial business scope of the applicant institution or whether concurrent operations are possible in its actual business operations. Businesses that conflict with the private equity investment fund business, whether it concurrently engages in businesses that conflict with the buyer's business of investment management, and whether it concurrently engages in other non-financial businesses.
The equity structure of the applicant’s institutional shareholders. Whether the applicant institution has any foreign shareholders that directly or indirectly control or participate in the shares; if there is an explanation of whether its foreign shareholders comply with the requirements of current laws and regulations and the provisions of the China Asset Management Association after penetration.
In order to make way for the national team to prepare for the strong competition at the beginning of the month, the Chinese Football Association has advanced the first round of the Chinese Super League to the middle of this week. In this way, most teams in the Chinese Super League faced the severe test of a double-match week at the beginning of the hot summer. Except for Liaoning Hongyun, Beijing Guoan, and Shandong Luneng, Shijiazhuang Yongchang, both games were postponed due to objective reasons at the home team's venue.