Jiangsu publishes the first guidelines on handling criminal cases involving trade secret infringement. Specific key data may be determined by the relevant authority in data transfer within the Greater Bay Area. Total asset requirements of main promoters of financial leasing companies are increased.
Current sanctions, the risk of future sanctions, and foreign investment controls are some of the increasingly prominent challenges facing merger & acquisition (M&A) deals involving Chinese parties this year. While there is no universal solution for each transaction, there are still ways parties and lawyers can minimize the risk of problems arising.
Thousands of cross-border data export applications await CAC approval; China continues to crack down on the use of cryptocurrency in foreign exchange transactions while Hong Kong proposes licensing them; and China again allows net-selling of stocks for mutual funds.
SPC clarifies application of international practice in foreign-related civil and commercial cases. Rules for deregistration of companies are revised. Revised Patent Law rules specify compensation requests for an invention patent term for a new drug.
China restricts export of personalized push services based on AI algorithms; JD.com wins anti-monopoly case with record damages; and China amends Criminal Law to increase punishment for corruption
Casper Sek of Jingtian & Gongcheng examines new implementation guidelines for data transfers and explains how these fit into the wider context of cooperation within the Greater Bay Area, as well as how companies will benefit
