Legislation roundup: SPC interpretation, CIRC investment circular and securities company provisions

February 07, 2013 | BY

clpstaff &clp articles

The Supreme People's Court has released an interpretation on employment contracts and the China Insurance Regulatory Commission has produced a circular on investment management capabilities

Employment

Supreme People's Court, Interpretation on Several Issues Concerning the Application of the Law in the Trial of Employment Disputes (4)

最高人民法院关于审理劳动争议案件适用法律若干问题的解释（四）

If financial compensation has not been provided in the employment contract but the employee has performed their non-compete obligations, they may request for compensation of 30% of their average monthly wage of the 12 months before the termination or end of the employment contract.

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