代表Mena Mobile搭建跨境公司架构并实现境外私募股权融资、海外展业项目 ——首例移动互联网科创企业“出海”中东及北非地区并获得中东本地投资方战略投资 罗智愉律师

罗智愉：中国律师制度恢复重建45周年暨迎新中国成立75华诞——值得推荐的优秀涉外律师

代表Mena Mobile搭建跨境公司架构并实现境外私募股权融资、海外展业项目

——首例移动互联网科创企业“出海”中东及北非地区并获得中东本地投资方战略投资

一、承办单位：

北京德恒律师事务所

二、承办时间：

2019年7月 - 2021年8月

三、承办律师简介：

罗智愉律师，北京德恒律师事务所合伙人，全联并购公会并购交易师、司法部全国涉外律师名单入选律师、全国律协第七期涉外律师领军人才成员，毕业于英国曼彻斯特大学获国际金融法硕士，拥有上市独立董事资格、证券从业资格、企业合规师资格。

罗智愉律师在跨境投融资、跨境资本市场及“走出去”领域拥有丰厚的造诣，广泛涉及各类新兴和传统行业，为过百起项目提供自初始创立到境内外投融资、上市、重组及并购等全流程法律服务，尤其擅长通过红筹/VIE/JV等跨境架构的搭建和重组，为企业“出海”、外资准入提供一站式法律解决方案，同时在跨境公司治理、股权结构设计等方面具有丰富的经验。罗律师精通英美普通法系国家法律，对英国、美国、开曼群岛、英属威尔京群岛、中国香港等离岸区域的商事法律和律师实务有深入的掌握。

四、导读

本项目为首例中国互联网科创企业通过离岸架构“出海”，中东及北非地区，井成功获得当地战路投资的案例。在公司架构上成功实现了红筹架构，经改制后“出海”中东及北非地区，使得客户在东道国顺利开展业务，实现了投资人能够直接参与东道国公司的利润分配，并为红筹架构的企业在中东资本市场上市 (IPO）、税收筹划、员工股权激励域外适用提供了法律基础。在“一带一路°的背景下，本项目在法律结构、市场影啊上具有开拓性、创新性和代表性，为科创企业“出海°中东、北非地区融资、展业提供了借鉴。

五、点评及建议

（一）市场影响

案件在以下方面具有一定的新颖性和典型性：

1、在客户利益实现上，不仅为客户解决了融资问题，还为客户在全球范围内开展商务活动提供了法律条件，成功实现了红筹架构“出海”中东及北非地区。通过动助公司法律风险管理有关移动互联网海外展业的业务结构，实现了面向B端、C端的业务，包括广告、支付、游戏、社交软件发行、研发等业务，使得客户在东道国顺利开展业务。

2.在客户长远发展上，架构实现了各股东及中东本地投资方能够参与控股公司以及东道国公司的利润分配，并为红筹架构的企业在中东资本市场上市(IPO)提供了法律基础。

3,通过开曼、英属维尔京、阿布扎比自贸区的境外投资，实现公司全球稅收筹划、员工股权激助的城外适用，为中国企业实现全球税收参划、吸引当地人才创造了条件。

4.中国互联网/移动互联网企业通过离岸结构、兼井收购“走出去”的全新体现，在“一带一路”的背景下为中国移动互联网科创企业“出海”中东、北非地区融资、展业提供了有利保障。

（二）社会评价

本项目客户Mena Mobile时任首席运营官对律师如是评价：“在公司架构、融资、海外业务等各个环节，为我公司提供了全方位法律支持，在海外融资过程中，充分把握了各项风险，为我司争取了利益，其秉承的‘极致的用户体验’专业精神，非常符合这个时代法律人的精神，而高效、严谨、细致的专业素质为各项业务完成提供了有力保障，值得信赖。

该项目经新浪、搜狐等多家媒体报道，受到了广泛关注。

罗智愉 律师

罗智愉律师，北京德恒律师事务所合伙人，全联并购公会并购交易师、司法部全国涉外律师名单入选律师、全国律协第七期涉外律师领军人才成员，毕业于英国曼彻斯特大学获国际金融法硕士，拥有上市独立董事资格、证券从业资格、企业合规师资格。

罗智愉律师在跨境投融资、跨境资本市场及“走出去”领域拥有丰厚的造诣，广泛涉及各类新兴和传统行业，为过百起项目提供自初始创立到境内外投融资、上市、重组及并购等全流程法律服务，尤其擅长通过红筹/VIE/JV等跨境架构的搭建和重组，为企业“出海”、外资准入提供一站式法律解决方案，同时在跨境公司治理、股权结构设计等方面具有丰富的经验。罗律师精通英美普通法系国家法律，对英国、美国、开曼群岛、英属威尔京群岛、中国香港等离岸区域的商事法律和律师实务有深入的掌握。

2021年，罗律师牵头完成的案例“代表Mena Mobile搭建跨境公司架构并实现境外私募股权融资、海外展业项目”入选2021年北京市律师协会涉外法律服务优秀案例。在跨境投融资和资本市场领域，罗律师先后担任包括阿里巴巴移动事业群、中寰国际、致远互联、广信股份、帝森克罗德集团、徐州新盛投资集团、屹唐长厚资本、因诺资产、九合创投、36kr等多家企业的律师，并作为发行人、承销商律师成功承办包括厦门亨达海天、Global Lights Acquisition Corp等多家中国背景企业的境外上市项目。

罗智愉于2019年经全国律协选拔入选第七期涉外领军人才并赴美国华盛顿培训。罗律师曾多次受邀在“Financial Times金融时报、《证券市场周刊》、香港《南华早报》、中国新闻周刊、新华社、每日经济新闻等多家媒体发表评论、文章，并受邀在清华大学MBA培训中授课。2023年，罗律师作为编委会委员参与编辑出版《中国中小企业合规指南》，并刊登他的文章《走出去”融资及展业的合规问题-跨境架构、资本流动及外资监管》；其文章《国有企业对外投资并购交易结构设计的法律问题》刊登于中国国际贸易促进委员会《商事法律》专栏。罗智愉律师及所在律所及团队多次获钱伯斯、Legal 500的私募股权与风险投资以及资本市场领域奖项。

工作语言：中文、英文

北京德恒律师事务所

地址：中国北京市金融街19号富凯大厦B座12层      

电话：+86 10 5268 2855 / +86 10 5268 2888

传真：+86 10 5268 2999  

邮箱： luozy@dehenglaw.com

Zhiyu Luo

Zhiyu Luo is the Partner of Deheng Law Firm, Certified M&A Dealmaker and member of “Foreign Practice Lawyer of PRC Ministry of Justice” and the 7th Leading Foreign Practice Lawyer Program of All China Lawyer Association. He holds degree of Master of International Financial Law from University of Manchester and has qualified as Independent Director of Listed Company, AMAC practitioners and Corporate Compliance Specialist.

He has rich experiences in cross-border investment and financing, cross-border capital market and "going global", in an extensive coverage of emerging and traditional sectors. He has provided legal services for more than hundreds projects from initial establishment to onshore and offshore investment and financing, listing, restructuring and M&A. He is especially versed with providing one-stop legal solutions for enterprises to "go abroad" and foreign capital access through the red chips / VIE / JV structure. At the same time, he has rich experience in cross-border corporate governance and equity structure design. Lawyer Luo is proficient in the laws of common law countries, and has a deep understanding of the commercial laws and lawyer practices of the United Kingdom, the United States, the Cayman Islands, the British Virgin Islands, Hong Kong and other offshore regions.

In 2021, the case he served as leading lawyer "building a cross-border corporate structure and realizing overseas private equity financing and overseas business projects on behalf of MENA mobile" was selected as the most excellent case of foreign legal services by Beijing Lawyers Association in 2021. In the field of investment and financing and capital market, Lawyer Luo has successively served for number of companies including Alibaba Mobile Group, Zhonghuan International, Seeyon, Guangxin, Tysen-kld, Xuzhou Xinsheng Investment Group, E-town Capital, Inno Assets, Jiuhe Venture, 36kr, and served as PRC counsel for many successful overseas IPO projects such as Hitek, Global Lights Acquisition Corp.

In 2019, Luo Zhiyu was selected by the ACLA as the seventh foreign-related leading talent lawyer and went to Washington D.C. for training. Lawyer Luo has been invited to publish comments and articles in the Financial Times, Securities Market weekly, Hong Kong's South China Morning Post, China News Weekly, Xinhua News Agency and other media for many times, and has been invited to give lectures in the MBA training of Tsinghua University. In 2023, Lawyer Luo participated as a member of the editorial board in editing and publishing the "Compliance Guidelines for Small and Medium sized Enterprises in China", and published his article "Compliance Issues in Going Global Financing and Business Development - Cross border Structure, Capital Flow, and Foreign Investment Supervision". His article "Legal Issues of the Structural Design of State-owned enterprises' Foreign investment and M&A" was published in the commercial law special column of the CCPIT. Along with his law firm and team, he has won numerous awards from Chambers and Legal 500 in the fields of private equity, venture capital and capital markets.