Legal

2022 was yet another action-packed year in China's TMT sector. Despite the continuity of platform regulation and new rules targeting emerging fields such as NFT and deepfake technologies, the momentum started to fade in the second half of the year in light of a slowing-down economy. Legislators are hoping such developments may navigate the more digitalized TMT sector through a tumultuous year ahead

The Chinese government has been deepening its reform over the past year in order to foster evolving regulatory framework. Deeper reforms coupled with a chilled market means life science companies should prioritize their assets and re-position their business strategies in order to survive and grow stronger.

IP specialists from FenXun Partners, which operates a joint legal platform with Baker McKenzie in China, highlight some key developments in China's IP legislation and rights protection rules in 2022. The authors also discuss new challenges and notable cases that illustrate the evolving IP landscape in China, and share their insights into the likely IP development trends in 2023.

China publishes exceptions to foreign state immunity. CNIPA clarifies matters on domestic priority claims for design patents. Draft VAT Law lists transactions that are not subject to VAT.

Core elements of regulatory rating of foreign bank branches place more emphasis on compliance

Deep synthesis involving editing of biometric information of individuals requires their separate consent

Charles Wu and Zaiguang Lu of Han Kun Law Offices review the significant legislative developments of 2022 affecting China's private equity and venture capital industry, and offer insights into the key trends, challenges and opportunities in the sector

Proposed amendments to Trademark Law combats malicious registration; China issues new rules on deep synthesis technology; and First local GI regulations bring hope to local businesses

Nathan Bush, Nicholas Klein, Catherine Pawluch, and Alexandra Kamerling of DLA Piper survey the risks under the Foreign Direct Investment regimes of key jurisdictions, starting with the U.S., Canada, and the U.K. in this two-part series