Jianwei (Jerry) Fang, Wenpei Yu and Yue Liu of Zhong Lun Law Firm highlight the pitfalls of M&A transactions that involve the transfer of personal information and steps that the buyer can take to limit value risk and to ensure compliance with personal data protection
U.S. Senate passes bill threatening sanctions against financial institutions, officials over Hong Kong; China shortens negative lists to further open up economy to foreign investment; and CSRC plans to grant securities licenses to domestic commercial banks
The period for reduction of social insurance payments of enterprises is extended, regulation on the controlling interests of securities companies is tightened and draft of the Criminal Law amendments targets financial crimes.
Danlei Wu of Fangda Partners discusses the rise of online courts used to resolve disputes particularly in the middle of the coronavirus pandemic where areas have been under lockdown and highlights the benefits and disadvantages of the use of online trials that will likely be incorporated as a norm in legal practice
Xinhua reveals details of planned Hong Kong national security law; JPMorgan becomes first fully-owned futures business following CSRC approval; and U.S. companies allowed to work with Huawei on next-generation technology standards
As an entrepôt for U.S.-China trade, Hong Kong is a gateway for PRC entities to access U.S. technology, something the Trump administration is keen to stop
