Beijing Yingtong Law Firm has focused on the protection of the rights and interests of private enterprises for many years. It has represented many corporate rights protection cases in the legal practice of rights protection in natural resources, mining, land, waters, territorial space, corporate equity, criminal defense, factory demolition, environmental protection shutdown, prohibition and vacation, etc., including large-scale real estate...
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Article author:Yingting Lawyers Group | Update time:1970-01-01 | Reading times:130
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The mining rights were mortgaged to the bank with a debt of 40 million yuan.•
Over the years, arrears of transfer income of 8 million yuan•
There is cross-border mining and administrative penalties are faced.Additional expenditure: 48 million yuan!•
Discover the issue of mining rights mortgage → Adjust the transaction structure and let the seller release the mortgage before delivery•
Discover historical arrears issues → Deduct them from the transaction price•
Discover the risk of cross-border mining → Require the seller to undertake historical responsibilities and set default clausesThe final delivery was successful with no additional expenses!•
Is the prospecting license/mining license true and valid?•
Is the license period within the validity period?•
Whether the type and scope of minerals stated in the certificate are consistent with the actual situation•
Are the procedures for extension and change over the years complete?Common risks:•
The certificate is forged or expired•
The mineral type and scope are inconsistent with the contract stipulations•
Missing extension procedures•
Whether there is mortgage registration•
Whether there is seizure or freezing•
Whether there is leasing or contracting•
Are there any other rights restrictions?Common risks:•
Mining rights are mortgaged and need to bear secured debt after acquisition•
Mining rights have been sealed and normal operations cannot be carried out•
There is a situation of "one mine sells many"•
Payment status of mining rights transfer income•
Payment status of exploration rights/mining rights royalties•
Resource tax payment status•
Performance of other statutory payment obligationsCommon risks:•
There are historical arrears, which need to be borne after the acquisition.•
Being charged late fees and fines•
The license cannot be renewed normally•
Whether the resource reserve report has been reviewed and filed•
Authenticity and accuracy of reported data•
Does the reserve level meet the requirements?•
Is there any risk of negative changes in reserves?Common risks:•
Reserve reports are false or exaggerated•
Actual reserves are much lower than reported data•
Reserves have been depleted or grades have declined•
Environmental impact assessment approval and acceptance status•
Safety production license status•
Land use procedures•
Forest land use proceduresCommon risks:•
The environmental impact assessment has not been approved or accepted•
Safety production conditions are not up to standard•
Insufficient procedures for land and forest use•
Does the scope of the mining area involve ecological protection red lines?•
Does it involve basic farmland?•
Whether it involves a nature reserve•
Whether there are overlapping mineral rightsCommon risks:•
The mining area has been classified as an ecological red line and faces exit•
Occupies basic farmland and cannot be mined•
Overlap with other mining rights, causing disputes•
Historical safety accidents•
Administrative penalty records•
Damage to the ecological environment•
Fulfillment of ecological restoration obligationsCommon risks:•
There are unresolved safety incident liabilities•
Facing environmental penalties•
Need to bear huge ecological restoration costs•
All contracts signed by the target company•
debt situation•
Guarantee situation•
Pending litigation, arbitrationCommon risks:•
Hidden debt exists•
There are unfavorable terms in the contract•
There are undisclosed guarantees•
Number and composition of employees•
Social security payment status•
Signing of labor contract•
historical labor disputesCommon risks:•
There is a large amount of unpaid wages•
Social security arrears•
There is an unresolved labor dispute•
Shareholder situation•
Equity structure•
Related companies•
Actual controller backgroundCommon risks:•
Equity holding•
There are related transaction risks•
The actual controller has a bad recordPrevious article:What should we do if the retention of exploration rights encounters the red line of ecological protection? Lawyer advice
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