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.
Recently, there has been discussion of a possible law on personal information protection in China. What would it mean for companies doing business in China?
The inaugural 2007 China Law & Practice awards are being given to recognize excellence in China's legal services field. China Law & Practice provides a definitive list of the top law firms serving the China market.
Many exports from China are subject to higher net value-added tax (VAT) costs under a notice effective from July 1 2007.
The China Bank Regulatory Commission is reviewing applications by five commercial banks to establish finance leasing companies. How will this new business vehicle impact the Chinese finance leasing landscape?
New rules on foreign investment in real estate will further strengthen administration related to the examination, approval, registration and supervision of foreign direct investment in the industry.
Cross-border "round-trip" investments and related transactions are now supported and constrained by newly-standardized comprehensive governmental procedures for foreign exchange registration.
The recently issued PRC Employment Contract Law affects all employment relationships in the PRC. Increased employee protection is provided by requirements for the establishment, implementation, amendment and termination of contracts.
China's surge in initial public offerings has been met with an extremely enthusiastic response from both local and foreign investors. The increase in activity has also been warmly welcomed by professional service providers such as law firms, which have benefited immensely from the booming market. This month, China Law&Practice looks at some of the most successful listings of the past year and the legal advisers that worked on them.
Many exports from China are subject to higher net value-added tax (VAT) costs under a notice effective from July 1 2007.