On 15 May 2026, the Ministry of Justice of the People's Republic of China issued Announcement No. 5. Pursuant to the Regulations of the PRC on Countering Improper Extraterritorial Jurisdiction by Foreign States (hereinafter the "Regulations"), the Announcement determined that certain c...
Many foreign investors tend to equate shareholding with corporate control. In China, however, control is not determined solely by equity ownership. In practice, it may also depend on who exercises de facto control over key corporate governance instruments, including company seals, business licenses ...
China's State Administration for Market Regulation (SAMR) recently issued the Regulation on the Protection of Trade Secrets (the "New Regulation"). The New Regulation will take effect on June 1, 2026, while the Provisions on Prohibiting the Infringement of Trade Secrets, which have bee...
In September 2025, the Standing Committee of the National People's Congress adopted a substantially revised Arbitration Law of the People's Republic of China (the "New Arbitration Law"), which will take effect on 1 March 2026. This amendment constitutes the most comprehensive and s...
In foreign-related civil and commercial litigation in China, the service of judicial documents is essential to protecting the parties’ rights to notice, defense, and participation. For parties residing outside China, the courts will, depending on the circumstances of the case, adopt legally appropri...
Recently, the Ministry of Finance, the State Taxation Administration, and the Ministry of Commerce of China issued the Announcement on the Tax Credit Policy for Direct Investment by Foreign Investors with Distributed Profits (hereinafter referred to as "the Announcement"). The policy offic...
Since the revision of Company Law of the People’s Republic of China (hereafter referred to as the Company Law) in July 2024, the framework governing the obligations and liabilities of directors, supervisors and senior management persons (the DSMs) has been further refined. Where directors fail to pr...
On February 14, 2025, the Cyberspace Administration of China issued the Administrative Measures for the Personal Information Protection Compliance Audit (hereinafter referred to as the "Measures"), which will officially come into effect on May 1, 2025. The Measures aim to further implement...
The Regulation on Cyber Data Security Management (hereinafter referred to as the “Regulation”) was officially issued on September 30, 2024 and will come into force on January 1, 2025. This administrative regulation is based on the Cyber Security Law, the Data Security Law and the Personal Informatio...
At the beginning of the article, we set up the following transaction scenario: Your pharmaceutical company has long cooperated with a Japanese medical technology company. The trading habits of both sides are that the Chinese side ships the goods first, and the Japanese company remits the payment abo...