The SAIC's new guidelines make it mandatory for dominant market players to license their IP rights. Companies – high tech and pharmaceutical in particular – will need to be careful to avoid AML investigations
The SAIC's new guidelines make it mandatory for dominant market players to license their IP rights. Companies – high tech and pharmaceutical in particular – will need to be careful to avoid AML investigations
Under the SAIC's new rules, business operators are now responsible for compensating consumers for faulty products sold by third party sellers. Operators should have strict measures in place to avoid losses through these reimbursement claims
Under the SAIC's new rules, business operators are now responsible for compensating consumers for faulty products sold by third party sellers. Operators should have strict measures in place to avoid losses through these reimbursement claims
China's State Administration of Taxation (SAT) recently issued a notice regarding payments involving related offshore parties. China has openly declared its plans to crackdown on tax evasion, so the issuing of new regulations come as no surprise
The new national property registration system aims to streamline processes and provide a unified database, but it is hampered by the lack of clarity in the implementing rules, which may make the transition difficult
Inward investors have expressed concern about proposals that China will levy a 10% capital gains tax on profits earned by foreign investors, with no opportunity to deduct for losses. While some tax advisers welcomed the clarity, some funds may struggle to pay the higher-than-expected tax bills on gains earned over five years between 2009 and 2014
Foreign banks no longer require a representative office to set up subsidiaries or branches and foreign-invested banks no longer need to allocate minimum capital to set up branches in China
The Supreme People's Court's new judicial interpretations replace previous ones to bring provisions in line with the Patent Law. Updates include clarified court jurisdictions, simplified procedures and increased damages, but guidelines for standard essential patents are still needed