A tax circular which seeks to strengthen the administration of tax on income derived from equity transfer may have a profound impact on non-resident investors using offshore vehicles. But the authorities have some legal hurdles to clear
As its economy continues to grow rapidly, China is looking for more outlets for its foreign exchange reserves. This is a trend which is reflected by recent legislation on overseas investment
Foreign companies operating in China face the dual challenge of winning business in a highly competitive environment while at the same time conforming to both domestic and international laws against corruption and fraud. An effective ethics and compliance programme is an essential ingredient of success
Foreign companies operating in China face the dual challenge of winning business in a highly competitive environment while at the same time conforming to both domestic and international laws against corruption and fraud. An effective ethics and compliance programme is an essential ingredient of success
The awareness of FCPA compliance is reaching a tipping point, but other countries are now entering the arena with their own extra-jurisdictional legislation
Companies in China have been under pressure to unionise for many years now, and the heat was significantly turned up on foreign enterprises when the ACFTU criticised them for refusing to allow their workers to join unions
The PRC Anti-monopoly Law has spawned a vast amount of analysis, debate and hand-wringing among lawyers, academics and businesses worldwide. But, where is China's competition law framework heading in 2010?
A new tax circular addresses the issue of the definition of a beneficial owner under tax treaties, and puts a new burden on taxpayers. But many issues are left unclarified
Material adverse change can be key to commercial agreements but has not been clearly defined under Chinese law. A recent Supreme People's Court interpretation has changed that