The revised Law encourages increased foreign trade and cross-border services and cooperation by simplifying the approval requirements to trading rights, but impose new intellectual property licensing barriers.

The March 2004 meeting of the National People's Congress ushered in landmark changes to the PRC Constitution. A look into the constitutional amendments and the new protections of private property.

Promulgated: March 19 2004Effective: May 1 2004Main contents: The Rules stipulate that the items, standard and method of fee charging by law firms shall…

The definition for safeguard has been amended, and the maximum duration of a safeguard measure is extended to ten years.

Countervailing investigations may be suspended or terminated on public interest grounds.

Guidelines to internal governance of law firms, including hiring and termination policy.

Issued: April 20 2004Main contents: The Decision states that the assignment of the pre-sold commodity residential premises bought by a pre-purchaser must…

The new Procedures represent China's WTO commitments to remove restrictions in wholesale and retail industry against wholly-owned foreign enterprises, introduce more permissible retail and wholesale activities, and simplifies approval process.

By David Yu and Charles [email protected]@llinkslaw.comRelated party transactions have led to considerable losses for Chinese commercial…