Timothy C. Bickham, Stephen Yang, Meihui (May) Xiao and Nikki C. Vlahos of Steptoe & Johnson LLP explore the significance and impact of China's recent accession to the Hague Agreement. Although there is some work to be done, this is likely to be a game-changer in the field of design rights protection
EU Commission releases guidance on updated standard clauses for GDPR-regulated parties; Xiaohongshu invests in US-based Web3 startup; Regulations on price labelling and price gouging
Certification institutions may be engaged for data security certification. Shanghai encourages pre-reorganization to avoid bankruptcies. Business operators should clearly mark prices and the pricing units/methods.
Social insurance reductions are extended to the manufacturing industry.
Security management of a third-party software developer kit (SDK) is specified for apps collecting personal information
The Beijing Intellectual Property Court recently issued the first-ever decision in a dispute between a brand-name and a generic drug company under China's newly-created patent linkage regime. Fang Qi and Danlei Wu of Fangda Partners examine the decision and its implications
Banks and insurance companies to boost green finance development; PRC courts to develop standard uses of blockchain technology by 2025; strengthened internal management requirements ensures probity of intermediaries
Social insurance reductions are extended to the manufacturing industry. Banks are required to apply the expected credit loss method. Securities, accounting and law firms shall strengthen their management of insider information.
Technical IP cases are handled by IP courts and intermediate people's courts
Casper Sek of Jingtian & Gongcheng looks at the latest developments in China's rules on cross-border transfers of personal information and finds that while this area has been a key area of focus for the authorities, a number of details are yet to be finalized
