State Council, PRC Regulations for the Administration of Technology Import and Export (2nd Revision)
The revised Regulations remove provisions on restrictive clauses of technology import contracts
The revised Regulations remove provisions on restrictive clauses of technology import contracts
VAT rates are lowered for import and export
Following the tragic Yancheng explosion, China is reviewing its related safety regulations; the government released the names of 197 information providers now registered in the use of blockchain-based technology; and laws controlling production of the drug Fentanyl have now been extended to all its derivatives.
Interim measures are offered in mainland China for Hong Kong arbitration cases, repayment sequence is clarified for bankruptcy cases and full disclosure of VIE structure is required for listing on the Science and Technology Board.
China's policy makers have boosted efforts to tackle unfair competition in recent months, but foreign companies remain skeptical of whether policy and legislation will actually translate into practice.
Mandatory infringement liability of the licensor is removed in technology transfer
Casper Sek and Ben Qi of Jin Mao Partners examine the newly introduced provisions on blockchain information services and discuss their regulatory scope and how they will regulate such services.
China's State Council plans to improve competition by establishing a fair play review system; food safety violations will incur much stiffer penalties, and the People's Bank of China's governor says domestic and foreign financial firms will soon play by the same rule book.
The Law protects technology transfers and trade secrets
VAT rates are lowered, commercial banks are required to disclose NSFR information and advisory services are encouraged for the entirety of construction projects.