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...
The newly revised Company Law of the People's Republic of China in 2023 (the “new Company Law”) will come into force on July 1, 2024. According to the new Company Law, the registered capital of a limited liability company shall be paid up within five years from the date of establishment of the c...
Vietnam boasts a thriving maritime industry with over 3,000km of coastline and a strategic position in Southeast Asia. The dynamic industrial zones are import-export hubs, propelling the logistics sector forward.Foreign investors, including Chinese investors see the great potential. However, setting...
The lockdown in Shanghai since March 2022 has last for almost 2 months. During the lockdown, almost all companies in Shanghai are in the status of suspension in its operation. Many companies want to understand if they still need to pay the rental for the period of lockdown, and if any chance such re...