Tue, 25 Jan 2022 China Legal Trends CJO Staff Contributors Team
In December 2021, China Banking and Insurance Regulatory Commission issued the “Notice on Clarifying Measures for the Opening-up of the Insurance Intermediary Market” (关于明确保险中介市场对外开放有关措施的通知) to relax conditions of market entry for foreign insurance intermediaries.
Mon, 24 Jan 2022 China Legal Trends CJO Staff Contributors Team
In December 2021, Weiya, one of China’s top live-streamers, was fined RMB 1.341 billion for tax evasion.
Sun, 23 Jan 2022 Insights Guodong Du 杜国栋 , Meng Yu 余萌
In 2021, on the ground of lack of reciprocity, Germany refused to recognize and enforce a Chinese judgment, despite the fact that, as early as 2013, China confirmed that there was reciprocity between the two countries.
Sat, 22 Jan 2022 China Legal Trends CJO Staff Contributors Team
In December 2021, the amendments to the PRC Civil Procedure Law was passed, which focuses on online litigation.
Fri, 21 Jan 2022 China Law in One Minute Meng Yu 余萌
The answer is yes.
Fri, 21 Jan 2022 China Law in One Minute Meng Yu 余萌
If you get a winning judgment or arbitral award, and the property that can be used to repay debts is located in China, then the first thing you need to know is the enforcement mechanism in the Chinese courts.
Fri, 21 Jan 2022 China Law in One Minute Meng Yu 余萌
The legal representative of the Chinese company, whose name is on its business license, can sign the contract on behalf of the company.
Fri, 21 Jan 2022 China Law in One Minute Meng Yu 余萌
Only three steps to follow. You need the business license and official seal of this Chinese company and check its current status on the Chinese government website.
Fri, 21 Jan 2022 China Law in One Minute Meng Yu 余萌
There are five things you need to do to get ready: 1) find the legal Chinese name of the Chinese company, 2) decide whether to sue in China, 3) if yes, hire a local Chinese lawyer, 4) evaluate the costs and benefits of litigation, and 5) prepare in advance evidence that Chinese courts would like.
Fri, 21 Jan 2022 China Legal Trends CJO Staff Contributors Team
In December 2021, China Securities Regulatory Commission (CSRC) issued the “Regulatory Provisions of the State Council on the Offshore Securities Issuance and Listing of Domestic Companies (Draft for Public Comment)” (国务院关于境内企业境外发行证券和上市的管理规定(草案征求意见稿)), which for the first time clarifies the legality of VIE structure.