By John Shi and Richard Feller of Mallesons Stephen Jaques
The Supreme People's Court (SPC) recently issued new Provisions which deal with the applicable law in foreign-related commercial or civil
New Rules on the Choice of Law for Foreign-related Contracts
Parties to foreign-related contracts have been free to choose which country's law govern their contracts - except where PRC law is mandatory. The new Provisions provide better guidance on deciding the governing law of the contract.
By
clpstaff