China’s first Civil Code, issued in May 2020, introduced a new divorce procedure, i.e., a cooling-off period for divorce. Divorce registration procedures were modified accordingly.
On 20 Nov., the Second International Commercial Court of the Supreme People’s Court made inquiries in Manila Branch of Australia and New Zealand Banking Group Ltd. et. al v. China National Electric Engineering Co. Ltd. about the reconsideration application for the ruling of suspension order, which is involved in the case of standby letter of credit fraud.