China's pandemic-hit economy contracts for first time in decades in Q1; Renault exits China joint-venture amid weak sales and worsening outlook; new national blockchain committee launched with several tech giants involved
In the first episode of the China Law Podcast, we discuss Chinese businesses claiming force majeure exemptions to contracts. Should foreign counterparties grant these exemptions? Must they? Or should they sue instead? And perhaps most importantly, would they win?
China steps up measures to contain imported COVID-19 cases; HKEX launches master SPSA service for fund managers; and SAFE eases foreign borrowing regulations for high-tech startups.
China sees businesses and workers return to work as epidemic situation improves; Beijing announces quarantine for inbound travelers as worry over imported cases grows; and AmCham China reports pessimism among members over worsening bilateral relations
China promotes arbitration, mediation for virus-related business disputes; business resumption requirements clarified by State Council notice; and government offers subsidies to airlines struggling amid epidemic
