On 31 Dec. 2020, China’s Supreme People's Court issued the “Interpretation on the Application of the Guarantee System in the Civil Code of the People’s Republic of China”, which came into force on 1 Jan. 2021.
China’s Supreme People's Court fully completes the sorting out of judicial interpretations and issues the first batch of supporting judicial interpretations of the Civil Code.
On 31 Dec., China’s National Development and Reform Commission and the Ministry of Commerce jointly issued the “Special Administrative Measures (Negative List) for Foreign Investment Access to Hainan Free Trade Port (2020) ”.
In China, court conference summary, though not binding, can serve as guidance to the judges in their trials. In essence, it is more of a consensus of the majority of judges, similar to 'prevailing opinion' (herrschende Meinung).
The Interim Provisions on the Review of the Concentrations of Business Operators entered into force in December 2020, which fleshes out China's anti-monopoly legal framework.
Compared with the 2019 Edition, the 2020 Catalogue has increased 127 items and modified 88 ones, further expanding the scope of encouraged foreign investment.
The IP Court of Hainan Free Trade Port is established to strengthen the judicial protection of intellectual property rights and to create a sound business environment.