For those who have advised on competitive tenders for significant infrastructure projects in China, it is a common observation that the theory of purely objective application of tender criteria and the practice during bid selection often have intriguing differences. Recent regulation of competitive tenders in China is therefore a welcome and constructive development.
China has encouraged research in genetic modification of agricultural crops, and by some accounts its regulatory structure is more progressive than other large developing countries. But the country's legal developments in the agricultural sector to date still carry a predisposition to unnecessary trade restrictions.
Seeking to attract high technology companies, Beijing Muncipality passed the path-breaking Zhongguancun Science and Technology Park Regulations (the Regulations).1 The Regulations have achieved major breakthroughs in five areas: protection of investors' interests; simplified company formation procedures and requirements; provisions to facilitate venture capital; anti-trust measures; and regulation of government activities.
China recently issued regulations for the registration and protection of layout designs of integrated circuits. These regulations are intended to meet the demands for the protection of intellectual property in the layout design of integrated circuits and to comply with the obligations of the Agreement on Trade-related Aspects of Intellectual Property Rights (the Trips Agreement).
China's economic liberalization is creating new opportunities for mergers and acquisitions among the emerging class of new Chinese entrepreneurs (NCEs).…
As China prepares for final accession to the World Trade Organization (WTO), the PRC government has taken another step in liberalizing the trading rights…
China's fiscal experts have for years been begging legislators to create a more transparent legal framework for financial leasing by foreign-invested…
The Chinese government has for a number of years recognized the desirability of attracting foreign investment into start-up private businesses in China…
Draft Franchise Regulations offer a glimpse of things to come for foreign frachisors. Though the Draft Franchise Regulations offer more details about franchise…
Online Banking regulations have recently been promulgated to China's banking laws, but there remains uncertainties to online privacy issues, foreign banks and other applicability of the provisions.