Sun, 26 Dec 2021 Insights Guodong Du 杜国栋 , Meng Yu 余萌
With a major overhaul of China’s trial system, the ongoing reform will grant higher courts greater discretion to decide to hear the first-instance cases from its lower courts, so as to ensure that judges are impartial and independent of local authorities.
Sat, 25 Dec 2021 China Legal Trends CJO Staff Contributors Team
In November 2021, the Cyberspace Administration of China released the proposed “Network Data Security Management Regulations (Draft for Public Comment)” (网络数据安全管理条例(征求意见稿)), regulating, among others, the cross-border data transfer activities.
Fri, 24 Dec 2021 China Legal Trends CJO Staff Contributors Team
On 15 Nov. 2021, China’s third Stock Exchange, the Beijing Stock Exchange, officially opened for business. During the preparation of its launch, 45 business rules have been issued.
Thu, 23 Dec 2021 China Legal Trends CJO Staff Contributors Team
In November 2021, the People’s Bank of China issued the proposed “Notice Regarding Matters Concerning the Support for the Development of New Offshore International Trader (Draft for Public Comment)” (关于支持新型离岸国际贸易发展有关问题的通知(征求意见稿)), which shows the positive attitude towards the new offshore international trade.
Wed, 22 Dec 2021 China Legal Trends CJO Staff Contributors Team
In November 2021, the State Administration for Market Regulation issued the “Guidelines for Enterprises on Overseas Anti-Monopoly Compliance” (企业境外反垄断合规指引), providing guidelines for Chinese enterprises to cooperate with anti-monopoly investigation overseas, respond to overseas anti-monopoly lawsuits, and reduce overseas anti-monopoly compliance risks.
Tue, 21 Dec 2021 China Legal Trends CJO Staff Contributors Team
After a series of evolution, China’s National Anti-Monopoly Bureau was officially established on 18 Nov. 2021.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
We will use a fictional succession-related story to illustrate how inheritance works in China.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
No, China has no inheritance tax.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
During the lifetime, one can specify in the will who inherits his/her house and other heritage. If the person has no will, the decedent’s children, spouse, parents, siblings, paternal grandparents, and maternal grandparents may inherit his/her estate.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
When your Chinese suppliers or distributors defraud or default, where will you file the lawsuit? China or somewhere else (eg. the place of your domicile), provided that both have jurisdiction over your case? To answer these questions, we need to compare the litigation in China with that in other countries.