Legal

• PRC Employment Contract Law

  中华人民共和国劳动合同法

  New employment contract law imposes greater requirements on employers.

  July 02, 2007

• Supreme People's Court, Several Provisions on the Trial of Cases Involving Civil Tort Compensation in Connection with Audit Activities by Accounting Firms

  最高人民法院关于审理涉及会计师事务所在审计业务活动中民事侵权赔偿案件的若干规定

  Accounting firms face stringent tort liability when conducting audits.

  July 02, 2007

• China Banking Regulatory Commission, Measures for the Administration of Lease Financing Companies

  中国银行业监督管理委员会金融租赁公司管理办法

  New measures to open up the lease financing sector to foreign investment

  July 02, 2007

• People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission, Measures for the Administration of Customer Identification, and Preservation of Customer Identity Information and Transaction Records by Financial Institutions

  中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会金融机构客户身份识别和客户身份资料及交易记录保存管理办法

  Financial institutions required to check customer identity to prevent money laundering.

  July 02, 2007

• MAINLAND PROPERTY DEVELOPER LISTS IN LONDON

  China Central Properties (CCP) has successfully completed a US$500 million global offering and listing on the London Stock Exchange's Alternative Investment…

  July 02, 2007

• Tough on Accountants: The New PRC Accounting Regulations

  By Peter [email protected] the July/August 2006 edition of China Law & Practice, Alan Wang examined accountants' liability under the PRC…

  July 02, 2007

• Circular on Further Strengthening and Standardizing the Examination, Approval and Regulation of Direct Investment in Real Property by Foreign Investors

  关于进一步加强、规范外商直接投资房地产业审批和监管的通知

  Possession of the leasehold or property ownership is required before establishing a foreign-invested real property company.

  July 02, 2007

• Restrictions on Foreign Investment in the Real Estate Industry

  New rules on foreign investment in real estate will further strengthen administration related to the examination, approval, registration and supervision of foreign direct investment in the industry.

  July 02, 2007

• SAFE Plugs Holes for China/Offshore Round-trip Investments

  Cross-border "round-trip" investments and related transactions are now supported and constrained by newly-standardized comprehensive governmental procedures for foreign exchange registration.

  July 02, 2007

• Grandall Legal Group

  PRC firm Grandall Legal Group has hired the former managing partner of Long & Field, Fei Guoping, along with his specialist M&A legal team. Fei is also…

  July 02, 2007