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5 things we now know about the new TM law: from @DLA_Piper

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US Congress publishes VIE report: and

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In the news: MOFCOM and Maersk, pharma execs leave, company board resignations and PetroChina in Iraq:

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State Administration of Foreign Exchange, Circular on Abolishing and Revising the Examination and Approval Authority and Administrative Measures for Certain Foreign Exchange Transactions on the Capital Account

Safe streamlines foreign exchange approval procedures.

Issue: June 2011

CLP Reference: 3800/11.05.23

Promulgated: 23 May 2011

Effective: 01 June 2011

Keywords (click to search): foreign exchange capital account

Issued: May 23 2011
Effective: June 1 2011

Main contents: The Circular abolishes the approval requirement of registration of deferred payment and the approval requirement of refund of advance payment for goods...

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