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.
Proposed AI Ethics rules will require ethical committees in institutions; Japanese brand Muji’s two-decades old trademark dispute ends in defeat; and China steps up Belt and Road investment as Western trade barriers rise.
A Chinese court has loosened the scope of “product similarity” in trademark law to include virtual models of actual trademarked products. | China’s conviction of a crypto laundering defendant reflects stricter enforcement in cryptocurrency-related crimes. | New draft regulations allow for loans for minority M&A stakes.
China issues first draft rules on AI ethics. NFRA allows financing of minority share M&A deals. New rules define the scope of online futures marketing activities.
