Fri, 16 Jul 2021 China Legal Trends CJO Staff Contributors Team
The People's Bank of China seeks for public comments of the "Anti-money Laundering Law (Revised Draft for Public Comment)" (反洗钱法(修订草案公开征求意见稿)) from 1 June 2021 to 30 June 2021.
Fri, 16 Jul 2021 China Law in One Minute CJO Staff Contributors Team
Succession begins when a person dies or is declared dead. Where a successor does not indicate to disclaim inheritance within 60 days from the commencement of inheritance, he/she shall be deemed to have accepted the inheritance.
Thu, 15 Jul 2021 China Law in One Minute CJO Staff Contributors Team
The deceased, or decedent, has two kinds of successors(heirs): the intestate successor and the successor designated by a will.
Thu, 15 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, the Ministry of Culture and Tourism released the "Anti-money Laundering Law (Revised Draft for Public Comment)" (反洗钱法(修订草案公开征求意见稿)), which opened the gate to foreign investors on establishing entertainment venues, and removed the restriction on proportion of foreign investment.
Wed, 14 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, China's supreme court issued ten Typical Cases involving the Internet, including the first case where blockchain technology was used for evidence deposition in China.
Wed, 14 Jul 2021 China Law in One Minute CJO Staff Contributors Team
No. China has not yet imposed any inheritance tax.
Tue, 13 Jul 2021 China Law in One Minute CJO Staff Contributors Team
The decedent may appoint an executor at the time of making the will.
Tue, 13 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, Shanghai High People's Court issued three white papers, including "Ten Typical Financial and Commercial Cases in Shanghai Courts in 2020", introducing the top three types of cases by value accepted by Shanghai courts.
Mon, 12 Jul 2021 China Law in One Minute CJO Staff Contributors Team
The answer is No, except in some special circumstances.
Mon, 12 Jul 2021 China Legal Trends CJO Staff Contributors Team
Hainan Arbitration Center of the China International Economic and Trade Arbitration Commission, which was launched on 8 Sept. 2020, heard its first arbitration case on 20 May 20.