The Provisions define applicable laws where international practices represented by the usual UCP 500 do not cover the disputed LC issue, the legal relationship between the parties to an LC, and the concept of 'LC fraud'.
September 02, 2006
Legal
On August 21 2006, Hong Kong and China signed The Arrangement for the Avoidance of Double Taxation on Income & Prevention of Fiscal Evasion (Arrangement),…
September 02, 2006By Brian Chen and Hui [email protected]; [email protected]: www.jonesday.comSince establishing a system for the granting of state-owned…
September 02, 2006By Peter [email protected]: www.freshfields.comThe Arrangement on Reciprocal Recognition and Enforcement of Judgements in Civil and…
September 02, 2006The National People's Congress Standing Committee passed the PRC Enterprise Bankruptcy Law(中华人民共和国企业破产法), after 12 years of drafting…
September 02, 2006China has become the world's largest mobile communications market. According to statistics released by the Ministry of Information Industry (MII), the…
September 02, 2006The fourth phase of the Closer Economic Partnership Arrangement (CEPA) between Hong Kong and the PRC made headline news that trade between the two sides would be further liberalized. But is Hong Kong really given that much of a head-start?
September 02, 2006The new rules revises six aspects including increasing the deductible amount for income from contracting for or leasing the operation of enterprises or institutions and clarifying tax returns procedures while further stipulating the duties of withholding agents in relation to tax withheld on the full amount for all personnel.
September 02, 2006The PRC government increased its efforts to combat commercial bribery in China by issuing the Opinions on the Launch of Dedicated Work to Tackle Commercial Bribery. Under the new rules what practices should a company adopt when conducting business in China?
September 02, 2006The new Measures notably improves protection for computer software importers and supply chains by confirming that customs import duty will not be levied on most data-processing software.
September 02, 2006