In 1979, China had only 212 lawyers and 79 law firms, since 1994 the number of lawyers has increased by 10,000 per year, meaning there are approximately 140,000 lawyers in China and 10,000 law firms. In light of such rapid development, the issue of how to regulate the legal profession has become a serious one. By Changchun Yuan and Hongchuan Liu, Partners of Broad & Bright.
The Opinion addresses issues concerning payment of social insurance premiums by the employer, employment arbitration awards, severance pay, fixed-term employment contracts, non-compete provisions and overtime wages in Guangdong Province.
China's Securities Regulatory Commission has issued measures aimed at regulating the financial consultants who provide advice to listed companies in China. Although it is seen as a step in the right direction, by bringing China more into line with the world's mature capital market environments, for many the measures do not provide a level playing field for M&A activity in China.
By Chris Xiaoyun Lin of Akin Gump Strauss Hauer & FeldIn early July, the All China Federation of Trade Unions (ACFTU) announced a 90-day campaign to…