Find our Legal Alert of a newly released regulation for senior care by the Ministry of Commerce (“MOFCOM”) and Ministry of Civil Affairs (“MCA”), namely, the Notice on Establishment of For-profit Senior Care Institutions and Disabled Service Institutions by Service Providers from Hong Kong and Macau («???????????????????????????????????????»)(Notice (2013) No. 67). The Notice, for the first time, sets forth some rules and procedures for the establishment of for-profit senior care facilities after the amendment on the Law on Protection of Elderly’s Rights and Interests (the “Elderly Law”). Even though the Notice only applies to investors from Hong Kong and Macau, its impact is likely to be significant, as the Notice reveals some signals and trends from the government on how to encourage andregulate the foreign investor in the senior care industry. Highlights of the Notice are analyzed in this article.
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Health Law Updates, Mergers & Acquisitions Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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