In the News: NFTs Deemed Property; CISG Applies to Hong Kong; and China Launches First Private Pension Scheme

December 07, 2022 | BY

Brian Chan &Susan Mok

First Chinese court decision recognizes NFT as virtual property; international commercial law standards take effect in Hong Kong; and China's private pension sector set for rapid growth

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Credit: nana/Adobe Stock

 

Hangzhou Internet Court Rules on NFT

On November 29, the Hangzhou Internet Court said in apost on its official WeChat account that nonfungible tokens (NFTs) are virtual