U.S. pharma raises alarm over Trump’s proposed measures against Chinese drugs; China clarifies the type of employees to be bound by non-compete clauses; and Some stablecoin issuers complain that Hong Kong’s regime is too stringent.
New rules set forth economic compensation for complying wih non-compete restrictions. Revised Arbitration Law provides for pre-arbitration preservation. Shanghai specifies rules on hiring foregin lawyers in Shanghai domestic law firms.
With innovation and technological advancement come more complex legal challenges for companies operating across borders. Ruby Chan and Dr Isabella Liu of Baker McKenzie, and Aggie Liu and Cassidy Guo of FenXun, examine the key considerations, best practices, and frequently asked questions for Chinese businesses expanding into the U.S. market
Shanghai puts forward measures to boost foreign-advice business of Chinese law firms; JP Morgan and Bank of America subpoenaed by Congress over CATL IPO; and Nasdaq to require Chinese companies to raise $25 million in IPOs.
Anonymization of personal information needs to satisfy de-identification and irreversibility. Criteria are set forth for cross-border delivery services provided by foreign financial infrastructure operators. Commercial banks are permitted to serve as deposit banks for capital guarantee funds of insurance companies..
Part I of this series explained China’s general rules on foreign-related jurisdiction. In Part II, Jianwei(Jerry) Fang, Ke Dong and Haoyi Sun of Zhong LunLaw Firm show how Chinese courts will, in practice, assert jurisdiction in civil, administrative or criminal contexts involving foreign elements, and describe a new “blocking statute” that reflects China’s response to foreign long-arm claims.
