Latham advises businesses active in China, as well as parties to corporate transactions involving Chinese entities, to understand and navigate existing and developing Chinese environmental and climate change regulation. As China develops innovative environment-related finance mechanisms — including what will be the world’s largest carbon emissions trading system and green bonds — Latham helps clients prepare to realize value from the system.
As the Chinese government accelerates the development of policies and regulation to address the country’s environmental issues, Latham has played a critical role in clarifying analogous US, UK, and EU regulations for Chinese policymakers and regulators, providing Latham unique insight into the changes in regulation and policy.
Latham advises clients on key environmental regulation in China, including:
- Implementation and enforcement of the new Environmental Protection Law
- Rollout of the nationwide emissions trading system
- The issuance of a draft Soil Pollution Law
- Reform of air and water discharge permitting
- Green finance guidelines issued by the People’s Bank of China
Latham is a co-founder of and legal counsel to the China International Business Dialogue on Environmental Governance, a coalition that facilitates dialogue between the Chinese regulators and those multinational businesses active in China.
Clients can leverage the reputation Latham has developed as a contributor to international policy discussions, based on the firm’s cooperative work with the Council for International Cooperation on Environment and Development in cooperation with the EU Governance Project, the Policy Research Center for Environment and Economy, and the Environmental Law Institute.
Facilitating Business, Transactions, and Cooperation
Latham lawyers work across the firm’s global offices to serve clients across the globe doing business in China. Recent representative work includes:
- Advising a German conglomerate on the acquisition of a Chinese packaging company, specifically on issues relating to the transfer of environmental permits for a factory complex in China
- Advising a major producer of commercial and industrial motor vehicle parts on China’s current and proposed emission standards in China and specifically in Beijing
- Training a major manufacturer on how to respond to environmental regulators’ “dawn raids” at facilities in China
- Preparing a report for the UK Foreign & Commonwealth Office and the Great Britain China Center on the rule of law in China to identify areas of potential cooperation