The scope of China's cross-border personal information transfer regulatory regime is edging closer to being finalized, but businesses are in no rush to overhaul their data transfer practices
December 18, 2020
Legal
Goldman Sachs set for full ownership of Chinese securities JV; U.S. Treasury fails to identify any financial institutions for secondary sanctions under Hong Kong Autonomy Act; FCC launches official review of China Telecom's operations in the U.S.
December 14, 2020SPC clarifies producer and dealer's liability for food safety compensation, pre-tax deduction on advertising expenses continues for pharmaceuticals and leverage ratio is used as a criterion for evaluating systematically important banks
December 11, 2020The draft Personal Information Protection Law introduces two new data transfer mechanisms that do not seem to directly require government approval
December 11, 2020Insurance companies bear legal liability for authorized acts of their agents
December 11, 2020Foreign financial institutions are allowed to invest in trust companies
December 11, 2020U.S. House unanimously passes Holding Foreign Companies Accountable Act; China releases first export control list under new regime, targetting encryption technologies; CBIRC publishes shadow banking report, defining sector for first time
December 07, 2020A party may file applications for arbitration enforcement with both the mainland China court and Hong Kong court respectively, e-commerce platforms are required to set guidelines for handling IP infringement and mobile apps are restricted to collection of necessary personal information.
December 04, 2020The acceptance of the commitment of a business operator does not affect the determination of a monopoly act
December 03, 2020Coming into effect in January, China's fundamental law introduces new provisions on personal information protection and strengthens weaker parties in contractual negotiations
December 03, 2020
