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Legislation roundup: Annual report system and PRC Work Safety Law: http://t.co/zDJAAmwgaQ

Mar 7 2014 06:30 · reply · retweet · favourite

In the news: TMT gets VAT, Company law affects accountants, bond defaults begin and ZTE wins patent case: http://t.co/XDk4Mi7t1k

Mar 7 2014 06:30 · reply · retweet · favourite

Chinese companies start to list in Australia: http://t.co/6JKauGPvph No queues!

Mar 6 2014 09:38 · reply · retweet · favourite

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Is the new trademark law a missed opportunity?

The Trademark Law amendments could have gone further to address online counterfeiting and bad faith registrations – two big problems for trademark owners in China. Business need to monitor their markets closely, file their marks early and push for more reform

In the news: TMT gets VAT, Company law affects accountants, bond defaults begin and ZTE wins patent case

This week the NPC announced VAT for telecom services, CPA firms shifted their services, China faced its first domestic bond default and an infringement case left ZTE unscathed

Legislation roundup: Annual report system and PRC Work Safety Law

The State Council has replaced the annual inspection system with the report publication system and the PRC Work Safety Law was amended to increase penalties

Opinion: China’s judiciary increases IP savvy

The Chinese courts have long been criticised as unpredictable, but William Fisher and Ting Xiao highlight recent trends that indicate the judicial system is gaining expertise in IP, making litigation an easier option to take

Opening up government procurement

While bidding has long been the main method for government procurement, alternatives such as competitive negotiation, sole supplier procurement and price inquiry have been clarified

Full Text Translations

Measures for the Administration of Government Procurement Methods Other Than an Invitation of Bids
政府采购非招标采购方式管理办法

China promulgates first set of measures on alternative government procurement methods.

Measures for the Administration of Pilot Consumer Finance Companies
消费金融公司试点管理办法

Non-financial institutions allowed to invest in consumer finance companies.

Announcement on the Implementation on a Trial Basis in the China (Shanghai) Pilot Free Trade Zone of Implementing Measures for Increasing the Foreign Investment Percentage in the International Shipping and International Shipping Management Businesses
关于中国（上海）自由贸易试验区试行扩大国际船舶运输和国际船舶管理业务外商投资比例实施办法的公告

Wholly foreign-owned international shipping management enterprises allowed in the Shanghai FTZ.

Implementing Rules for the Guidelines on Foreign Exchange Control in Connection with Trade in Services
服务贸易外汇管理指引实施细则

SAFE relaxes forex control on trade in services.

Circular on Matters Relevant to Renminbi Settlement in Connection with Investment in Financial Institutions in China by Overseas Investors
关于境外投资者投资境内金融机构人民币结算有关事项的通知

Where an overseas investor has been granted approval to invest in a financial institution in China, it may make this investment in renminbi.

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Briefings

Giving advances on profits in Macau :

Riquito Advogados

Defending non-use trademark cancellation actions :

Rouse

Get ready for the new Hong Kong Companies Ordinance :

Deacons

Determining rights and obligations in contract law :

Llinks Law Offices

The NDRC’s antitrust ascendance :

O’Melveny & Myers

How to do FCPA due diligence on third party intermediaries :

Greenberg Traurig

Developing into an offshore hub :

Riquito Advogados

more briefings >>

Law Digests

Ministry of Industry and Information Technology and the Shanghai Municipal People’s Government, Opinions on Further Opening Value-added Telecommunications Services to Foreign Investment in the China (Shanghai) Pilot Free Trade Zone
工业和信息化部、上海市人民政府关于中国（上海）自由贸易试验区进一步对外开放增值电信业务的意见

Telecommunications services further opened up in the Shanghai Free Trade Zone.

People’s Bank of China, Measures for the Administration of Interbank Negotiable Certificates of Deposit
中国人民银行同业存单管理办法

China further liberialises its interest rates.

China Securities Regulatory Commission, Guidelines on the Disclosure of Information Relating to Profitability in Prospectuses for the Initial Public Offering of Shares and the Listing thereof of Companies
中国证券监督管理委员会关于首次公开发行股票并上市公司招股说明书中与盈利能力相关的信息披露指引

IPO issuers required to provide data comparison with competitors.

China Securities Regulatory Commission, Guidelines on the Disclosure of Major Financial Information and Information on the Business Position Since the Financial Report Audit Date in Prospectuses for the Initial Public Offering of Shares and the Listing thereof of Companies
中国证券监督管理委员会关于首次公开发行股票并上市公司招股说明书财务报告审计截止日后主要财务信息及经营状况信息披露指引

Unaudited quarterly financial statements required to be provided in the prospectus after financial report audit date.

China Insurance Regulatory Commission, Circular on Issues Relevant to the Regulation of Captive Insurance Companies
中国保险监督管理委员会关于自保公司监管有关问题的通知

Circular issued to regulate captive insurance companies.

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