Dispute Resolution

China opens treasury bond futures to foreign bank; no protection for crypto investment; and ORFS bring Hong Kong in line with other major arbitration centers

Pinduoduo and Full Truck Alliance continue to list in the U.S.; Chinese companies raised far more money in Europe than U.S. in 2022; and official reports show promising improvements to China's IP systems

Jianwei Jerry Fang, Runyang Liu and Dianmeng Zhu of Zhong Lun Law Firm discuss the year's major legislative and judicial developments in civil and commercial dispute resolution in China.

Guanglei Zhang and Jinhui Zhang of Jingtian & Gongcheng examine the first decision of a Chinese court in which a secret pre-IPO agreement containing a valuation adjustment mechanism based on stock market price was declared invalid.

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

New social credit draft law raises concerns for foreign companies; CSRC lifts ban on property M&A and refinancing; and U.K. government unwinds a completed transaction for the first time.

Basic-level people's courts have jurisdiction over first instance foreign-related civil and commercial cases.

Timothy Bickham, Wendy Wysong and Ali Burney of Steptoe & Johnson review the new rules relating to the export of semiconductors from the United States and the impact this will have on tech companies' existing and future business operations and how IP contracts will be affected.

While U.S. regulators are pushing for more transparency and audit quality of Chinese firms listing on U.S. stock exchanges, some plaintiffs firms still see high risks for investors.