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China sets up circuit courts: and

Jan 29 2015 10:00 ·  reply ·  retweet ·  favourite
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Forget elephants in rooms, when discussing China's AML there is an anaconda in the chandelier: @donaldcclarke

Jan 29 2015 08:12 ·  reply ·  retweet ·  favourite
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Analysis of draft patent admin enforcement rules: Cases increased 50% last year. From @cohenschinaipr

Jan 28 2015 02:27 ·  reply ·  retweet ·  favourite

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China revamps foreign investment rules, tackles VIEs

The new Foreign Investment Law unifies regulations, offers equal treatment and brings variable interest entity structures into the open

In the news: GSK China plans 1,000 layoffs, the CBRC announces restructuring and eight companies begin credit reporting

This week GlaxoSmithKline's China operations faced internal reorganisation, the CBRC began restructuring to regulate trusts and the PBOC picked companies like Alibaba to prepare credit reporting operations

Legislation roundup: Circuit courts, renminbi accounts and commercial bank loans

The SPC has established circuit courts in Guangdong and Liaoning provinces, the PBOC has permitted banks to open renminbi accounts remotely and the CBRC has clarified restrictions on entrusted loans

MOFCOM fails to deal with behaviour problem

MOFCOM has issued guidelines aimed at clarifying conditions for mergers. But the new rules fail to address the biggest challenge for companies: behavioural remedies

Full Text Translations

Measures for the Administration of Material Asset Restructurings by Listed Companies

The revised Measures abolish the requirement for the examination and approval of material purchases, sales and exchanges of assets of listed companies where the same do not constitute a backdoor listing.

Provisions on Several Issues Concerning the Application of the Law in the Trial of Civil Dispute Cases Involving the Use of Information Networks to Infringe Personal Rights and Interests

Statutory damages for online defamation could be up to Rmb 500,000.

Operational Guidelines for Public-private Partnerships (Trial Implementation)

China promotes public-private partnerships.

Circular on Revising the Control Policies Relevant to the Entry into the Interbank Foreign Exchange Market by Financial Institutions

Non-bank financial institutions allowed in the interbank forex market.

Guangdong Province, Enterprise Collective Contract Regulations (Revised)
广东省企业集体合同条例 (修订)

Guangdong allows collective wage bargaining.

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Law Digests

Ministry of Commerce, PRC Foreign Investment Law (Draft for Comments)
商务部中华人民共和国外国投资法 (草案征求意见稿)

State Council, PRC Regulations for the Administration of Foreign-invested Banks (2nd Revision)
国务院中华人民共和国外资银行管理条例 (第二次修订)

China lowers the market access thresholds for foreign-invested banks.

Standing Committee of the National People’s Congress, Decision on Authorising the State Council to Provisionally Adjust the Administrative Examination and Approval Specified in Relevant Laws in the China (Guangdong) Pilot Free Trade Zone, China (Tianjin) Pilot Free Trade Zone, China (Fujian) Pilot Free Trade Zone and the Extended Area of the China (Shanghai) Pilot Free Trade Zone

China establishes three more free trade zones in Guangdong, Tianjin and Fujian.

China International Economic and Trade Arbitration Commission, Arbitration Rules (2015)
中国国际经济贸易仲裁委员会仲裁规则 (2015版)

CIETAC arbitration rules add special provisions on Hong Kong arbitration.