Guidelines on Data Export Security Assessments
David TANG, Min ZHU On May 27, 2017, the National Standardization Technical Committee for Information Security (“Technical Committee”) promulgated a draft for comment of the Information Security Technology – Guidelines for Data Cross-Border Transfer Security Assessment (Draft) (the “Guidelines”), in order to supplement the personal information and important data export assessment requirements stipulated under Cybersecurity …
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Comments on the Measures on Security Assessments for Personal Information
and Important Data to be Transmitted Abroad (for Public Comment) David TANG, Min ZHU On April 11, 2017, the Cyberspace Administration of China (“CAC”) issued the Measures on Security Assessments for Personal Information and Important Data to be Transmitted Abroad (for Public Comment) (“Measures”), seeking public comment. The Measures will act to support the Cybersecurity …
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Brief Comment on the General Provisions of the Civil Law
Author: Han CHEN As a prelude to the civil code of the People’s Republic of China, the General Provisions of the Civil Law of the People’s Republic of China (the “General Provisions”) was adopted with votes at the Fifth Session of the 12th National People’s Congress on March 15, 2017 and will enter into force …
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Hong Kong New Board – To Embrace the New Economy
Authors: Han Kun Hong Kong Associate Law Firm Yurong YE, Felix MIAO, Fredric HUANG Recently, the Stock Exchange of Hong Kong Limited (“SEHK”) has published the New Board Concept Paper for the purpose of seeking market feedback on SEHK’s proposed establishment of a New Board. This newsletter is a brief introduction to the New Board …
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PRC Court for the first time Recognizes and Enforces a Commercial U.S. Court Judgment
Authors: Andy LIAO, Alan LIN On June 30, 2017, the Wuhan Intermediate People’s Court (“Wuhan Court”) issued a verdict (the “Case”) ordering the recognition and enforcement of a commercial judgment rendered by the Los Angeles County Superior Court, California, USA (“LA Court”). This marks the first time for a PRC court to recognize and enforce …
Foreign Direct Investment Law
Shanghai further optimizeslocal policies to promote the establishment of regional headquarters of multinational corporations. David TANG | Jun LI | Serina WEI Shanghai, as the leader of further opening up and attracting foreign investment in China, has recently promulgated the revised Regulations of Shanghai Municipality on Encouraging Multinational Corporations to Establish Regional Headquarters (“2017 Regulations“) …
AMAC Issued New Guidance on Private Fund Service Business
Authors: James Yong WANG, Shawn Xiao DING On March 1, 2017, Asset Management Association of China (the “AMAC”) promulgated the Administrative Measures for Private Investment Fund Service Business (Trial) (the “Administrative Measures”) which became effective on the same day. The Administrative Measures superseded the Guidelines on Fund Outsourcing Services (Trial) issued in February 2015 (the …
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New obligations under General Data Protection Regulation (GDRP)
Legal basis and principles of GDPR On 27 April 2016 Regulation (EU) 2016/679 of the European Parliament and of the Council, General Data Protection Regulation (the “Regulation“ or “GDPR“) was adopted. This Regulation is directly applicable in all Member States and constitutes the legal framework for personal data protection applicable in the whole of the …
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Mandatory Mediation System In Turkish Employment Disputes Between Employers And Employees
Law No. 7036 Code of Labor Courts (‘Law’) published in the Official Gazette No. 30221 dated October 25, 2017; introduced fundamental changes in the settlement of labor disputes and abrogated the previous law on the subject Law No. 5521. The radical changes implemented with the Law No. 7036 are summarized below.
Rightful Termination of Employment Contracts by Employees in Turkish Labor Law
The employees are entitled to terminate their employment contracts, whether the contract is for a definite or indefinite period, before its expiry or without having to observe specified notice periods in case of serious and important reasons determined in the Article 24 of the Labor Law No. 4857 (the “Labor Law”).