Promulgated: December 28 2005Effective: January 1 2006Interpreting authority: Municipal Labour and Social Security Bureau, Municipal Commerce Bureau, Municipal…
Promulgated: January 4 2006Effective: January 1 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Determination of Electricity…
Promulgated: December 31 2005Main contents: Under the premise of adequate capital guarantee, stringent financial supervision and the establishment of a…
The Measures for the Administration of Internet Electronic Mail Services is the first legislative attempt to address the surging internet usage in the PRC through stipulations on the provision of internet email services, the provision of access services to internet email service providers (ESPs) and the sending of emails using the internet inside the PRC. Emails containing 'commercial advertisements' are imposed with requirements on labelling, recipient delisting, and recipients' express consent. ESPs were also required to comply with new technical and administrative provisions, breach of which shall attract fines. However, without an express definition of 'spam' and 'advertising', the precise effect of the law remains to be seen.
Promulgated: April 28 2006Effective: May 9 2006Main contents: The Provisions clarify how cases involving civil acts or events that occurred before the…
Issued: March 31 2006Effective: April 20 2006Main contents: From April 20 2006 the Shanghai headquarters of the People's Bank of China is authorized to…
Issued: April 13 2006Main contents: The Announcement relaxes the policies on opening, amending and closing current account-related foreign exchange accounts,…
Issued: November 23 2005Effective: October 1 2005Applicability: For the purposes of the Circular, the term "people from Taiwan, Hong Kong and Macao" refers…
National LegislationBANKINGTentative Measures for the Administration of the Information Disclosure of Trust and Investment Companies 信托投资公司信息披露管理暂行办法L3610/06.01.05ENVIRONMENTAL…
China's new Company Law has laid a solid foundation for companies to improve their corporate governance, including new provisions granting significant rights to minority investors vis à vis management and controlling shareholders. The new law also grants shareholders the ability to enforce these rights through derivative and direct lawsuits. However, given China's weak enforcement environment and relative inexperience with private lawsuits, is the new law adequate to uphold shareholders' rights?