Fri, 10 Sep 2021 China Legal Trends CJO Staff Contributors Team
In August 2021, Guangdong High People’s Court released the White Paper on Bankruptcy Trials in Guangdong Province, which covers bankruptcy cases handled by local courts from 2016 to 2020.
Thu, 09 Sep 2021 Insights CJO Staff Contributors Team
Road Traffic Safety Law was promulgated in 2003, and amended in 2007, 2011 and 2021 respectively. The latest revision entered into force on 29 Apr. 2021.
Thu, 09 Sep 2021 China Legal Trends CJO Staff Contributors Team
In August 2021, “List of Powers to be Granted and Delegated by State-owned Assets Supervision and Administration Commission of People's Government of Beijing Municipality (2021 Edition)” (北京市国资委授权放权清单（2021年版）) was released, which delegates or grants a total of 23 powers to the boards of directors of pilot enterprises.
Wed, 08 Sep 2021 Insights CJO Staff Contributors Team
Civil Aviation Law was promulgated in 1995, and amended in 2009, 2015, 2016, 2017, 2018 and 2021 respectively. The latest revision entered into force on 29 Apr. 2021.
Wed, 08 Sep 2021 China Legal Trends CJO Staff Contributors Team
In August 2021, the People's Bank of China and other four authorities jointly released the “Notice on Promoting the Healthy Development of the Credit Rating Industry in the Bond Market”(关于促进债券市场信用评级行业健康发展的通知), laying out regulations on bond credit rating.
Tue, 07 Sep 2021 Insights CJO Staff Contributors Team
Data Regulations of Shenzhen Special Economic Zone were promulgated on 6 July 2021, and will enter into force on 1 Jan. 2022.
Tue, 07 Sep 2021 China Legal Trends CJO Staff Contributors Team
In July 2021, China's Ministry of Commerce reported on the national online retail market in the first half of 2021, showing a total of CNY 6.11 trillion sales in this period, with a year-on-year increase of 23.2 %.
Mon, 06 Sep 2021 Insights CJO Staff Contributors Team
Hainan Free Trade Port Law was promulgated on 10 June 2021, and entered into force on the same date. There are 57 articles in total. The Law aims to build a high-level Hainan Free Trade Port with Chinese characteristics, promote the formation of a new pattern of reform and opening-up at a higher level, establish a new open economic system, and advance the stable, healthy and sustainable development of the socialist market economy.
Sun, 05 Sep 2021 Insights Meng Yu 余萌
YES, as long as the transaction is for business purposes rather than for consumption purposes, as a local Chinese court rules in Yang v. Yucheng Huayu Machinery Manufacturing Co., Ltd. (2021).
Sun, 05 Sep 2021 Insights Guodong Du 杜国栋
Driven by China's cultural tradition and judicial practice, it is common to see the de facto 6-month cooling-off period in litigation, which may be reinforced by the 'cooling-off period for mutual consented divorce' in the Civil Code.