Internet News Information Service Industry Reshuffle?
Authors: Sheng LI, Xi YAN On May 2, 2017, the Cyberspace Administration of China promulgated the Administrative Provisions for Internet News Information Services (“Provisions”), which will come into effect on June 1, 2017 and replace the existing Regulations for the Administration of Internet News Information Services (“Regulations”) which was promulgated in 2005.
Drug Procurement GPOs: Antitrust Law Compliance Matters
Authors: Chen MA, Da SHI, Junfeng CUI The drug market in China has long been subject to both market competition and administrative control. While the government leaves drug prices to market fundamentals in principle, it also actively intervenes in the case of market failures, which includes adjusting the market structure to regulate drug prices.
CII, Core Cybersecurity Law System Issued
Authors: David TANG, Min ZHU, Jundong GUO, Effy SUN On July 10, 2017, the Cyberspace Administration of China (“CAC”) promulgated the Regulations on the Security Protection of Critical Information Infrastructure (Draft for Comment) (“Draft Regulations”), which will be open for public comment until August 10, 2017.
The Reach of Shareholder Look-through
Authors: Yaohua HU 丨 Xin DU 丨 Yikai WANG 丨 Yunting YE The PRC Law on Securities (“Securities Law”) and relevant laws and regulations strictly prohibit the unauthorized issuance of shares to the public (the issuance of shares either to nonspecified persons or to specified persons which results in the issuer having more than 200 …
Hong Kong’s Recently Passed Ordinance on Third Party Funding and HKIAC’s Consultation
on Proposed Amendments to the 2013 Rules on Proposed Amendments to the 2013 Rules In this June, a long-awaited law was passed and enacted by the Hong Kong Legislative Council, clearing the way for third parties to fund arbitration in Hong Kong.
Repossession of Aircraft in China: Legal Issues and Options for Lessors
Authors: Shu WANG, Jun ZHU While the aviation industry continues to expand quickly in the PRC market, it is still possible that things can go wrong and an individual lessee may default under a lease when it faces tough times due to various reasons. For all lessors, whether they are financial lessors or operating lessors, …
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Shanghai Circulates Incentive Policy 2.0 for Foreign-Invested R&D Centers
Authors: David TANG, Jun LI, Serina WEI On October 16, 2017, Shanghai Municipal People’s government circulated the Several Opinions on Further Supporting Foreign-Invested Research and Development Centers to Participate in Shanghai’s Construction of a Science and Technology Innovation Center with Global Influence (Hu Fu Fa [2017] No. 79, hereinafter “Opinions”), which can be regarded as …
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The Unveiling of Cybersecurity Reviews
Authors: David TANG, Min ZHU On May 2, 2017, the Cyberspace Administration of China (“CAC”) issued a trial version of the Measures for the Security Review of Network Products and Services (Trial) (“Trial Measures”), which are slated to become effective on June 1. The Trial Measures are another supporting document of the Cybersecurity Law that …
Personal Information Protection from the Perspective of Criminal Law
Authors: David TANG, Min ZHU, Will HUANG On May 9, 2017, the Supreme People’s Court and the Supreme People’s Procuratorate held a press conference to release the Interpretations of the Supreme People’s Court and the Supreme People’s Procuratorate on Several Issues Concerning the Application of Law in the Handling of Criminal Cases Involving Infringement of …
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New Trends in Overseas Investment Administration
Authors: Gloria XU, Claire XIAO On August 4, 2017, the Guiding Opinions on Further Guiding and Regulating the Direction of Overseas Investment (Guo Ban Fa [2017] No. 74) ” (the “Guiding Opinions”) was jointly promulgated, with the approval of the State Council, by the National Development and Reform Commission (“NDRC”), the Ministry of Commerce (“MOFCOM”), …
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