The Provisions define applicable laws where international practices represented by the usual UCP 500 do not cover the disputed LC issue, the legal relationship between the parties to an LC, and the concept of 'LC fraud'.
September 02, 2006
Retail Trade and Distribution
Faced with a funding gap of Rmb250 billion (US$31 billion), China plans to introduce new legislation to allow foreign and domestic investors to invest…
September 01, 2006The China Banking Regulatory Commission (CBRC) has circulated a draft notice detailing the requirements for foreign banks to conduct retail business in…
September 01, 2006New rules currently under review by the State Council on large-scale shopping outlets could impede expansion plans by foreign retailers such as Wal-Mart…
September 01, 2006Issued: April 20 2006Effective: March 31 2006Applicability: In the event of a discrepancy between this Circular and the Circular on Issues Relevant to…
June 02, 2006In order to further open up the logistics sector to foreign investment in pilot projects, the term 'foreign-invested logistics enterprises' has been expanded and foreign investors may now apply to establish foreign-invested logistics enterprises and engage in one or more types of logistics business.
June 02, 2006Promulgated: February 28 2006Effective: March 28 2006Applicability: These Provisions apply to compensation for damage occurred in the course of air transportation…
May 02, 2006Issued: February 9 2006Main contents: The Circular delegates administrative commissions of economic and technological development zones at the state level…
March 31, 2006Promulgated: November 3 2005Effective: February 1 2006Applicability: The term “automobile product external identifier” refers to the registered commodity…
February 28, 2006Promulgated: January 9 2006Effective: as of date of promulgationMain contents: Hong Kong and Macao service providers are allowed to establish wholly-owned…
February 28, 2006