Legal experts advising a recent acquisition involving Chinese capital have seen an increased level of practical and legal difficulty for Chinese investment in the German market.
Orrick recently advised a new materials industry fund co-managed by QFAT Investment and ICP Integrity Capital Partners on the acquisition of a controlling shareholding of COTESA, a leading German manufacturer of high-quality fibre composite parts for aviation and automotive engineering. Beijing headquartered AT&M Advanced Technology & Materials is an anchor investor of the fund and will assist COTESA in expanding its production and sales operations to the Chinese market.
Wilhelm Nolting-Hauff, a co-managing partner of Orrick’s Germany offices, told China Business Law Journal that various factors had increased the level of difficulty for investment by Chinese investors in Germany.
