UK NSI Act update may bring new opportunities for foreign companies; Fund registration and operational requirements are relaxed to lower cost of foreign investment in China capital markets; and NFT theft is considered criminal theft due to its property and data characteristics.
Revised state secrets protection law specifies acts of violation. State Cryptography Administration issues rules on security assessment of commercial cryptography, as well as qualifications for commercial cryptography testing institutions.
Fang Qi and Danlei Wu of Fangda Partners examine the Supreme People's Court's annual summary of its landmark anti-monopoly and anti-unfair competition cases. This year's cases reveal the Court's focus on business ethics among other trends
China bans those holding state secrets from traveling abroad during the 'confidentiality period'; the European Union requires Alibaba's subsidiary AliExpress to provide information on its measures to deal with illegal products; and the British fashion retailer Missguided is now under the management of SHEIN
Biden's AI executive order lays the foundation for AI export control rules; New Chinese super-financial regulator takes power away from existing state institutions; and U.S. orders immediate halt to some AI chip shipments to China.
Law firms may not simultaneously serve different parties in the same securities deal. IP courts now accept only major and complex utility model patents, technical secrets and computer software appeal cases. Online service providers shall require the provision of the true identity information of minors
