Compliance Conundrums Keep GC In China Up At Night

New laws and policies are keeping general counsel and compliance officers in China up at night as their companies may be at gunpoint due to regulatory restrictions of the U.S. and other jurisdictions where they operate.

Over last year, a series of new laws have been released in China, adding to the myriad of compliance risks multinational companies face against the backdrop of evolving trade tensions and political uncertainties around the globe. The newly promulgated Data Security Law and the upcoming Personal Information Protection Law will supplement the Cybersecurity Law, enhancing the framework governing the operation, management, and protection of data and privacy. Other significant changes include a Chinese version of blocking statute that is taking shape, and a pilot non-prosecution scheme which puts compliance programs in the limelight once again.