New rules set forth economic compensation for complying wih non-compete restrictions. Revised Arbitration Law provides for pre-arbitration preservation. Shanghai specifies rules on hiring foregin lawyers in Shanghai domestic law firms.
Shanghai puts forward measures to boost foreign-advice business of Chinese law firms; JP Morgan and Bank of America subpoenaed by Congress over CATL IPO; and Nasdaq to require Chinese companies to raise $25 million in IPOs.
Anonymization of personal information needs to satisfy de-identification and irreversibility. Criteria are set forth for cross-border delivery services provided by foreign financial infrastructure operators. Commercial banks are permitted to serve as deposit banks for capital guarantee funds of insurance companies..
Proposed AI Ethics rules will require ethical committees in institutions; Japanese brand Muji’s two-decades old trademark dispute ends in defeat; and China steps up Belt and Road investment as Western trade barriers rise.
A Chinese court has loosened the scope of “product similarity” in trademark law to include virtual models of actual trademarked products. | China’s conviction of a crypto laundering defendant reflects stricter enforcement in cryptocurrency-related crimes. | New draft regulations allow for loans for minority M&A stakes.
China issues first draft rules on AI ethics. NFRA allows financing of minority share M&A deals. New rules define the scope of online futures marketing activities.
Court interpretation of rules governing mandatory social insurance payments causes backlash; Proposed changes to implementation of China’s VAT regime aim to clarify gray areas; and Arkansas joins push to divest pension funds from China.
VAT regulation draft specifies scope of zero tax rate for exports. New guidelines define what constitutes a medical advertisement. National data security standard specifies when identity information of minors is not required.
The first commercial AI application case in Zhejiang province defines legal limits on generative tools; CFIUS blocked more transactions last year than in previous years amid rising China tensions; and Fintech companies rush to raise equity for stablecoin activity in Hong Kong.
A representative office of a foreign enterprise may be a party to a labor dispute case. A low-threshold version of fund pool policy is applied in China nationwide for multinationals. Record filing is required for online pharmaceutical and medical device information services
