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This Client Advisory describes requirements that must be satisfied to qualify for the new ​"clean vehicle" tax credit, following enactment of the Inflation Reduction Act of 2022 (the ​"IRA").

China's Maritime Code underwent its first comprehensive revision in over 30 years, introducing sweeping changes that expand coverage to domestic cargo transport, strengthen environmental protections through a new oil pollution liability chapter, and modernize shipping practices with electronic transport records. The amendments substantially increase liability limits, consolidate charterparty regulations, and enhance seafarer protections while aligning with international maritime conventions.