China Legal Trends
Thu, 15 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, the Ministry of Culture and Tourism released the "Anti-money Laundering Law (Revised Draft for Public Comment)" (反洗钱法(修订草案公开征求意见稿)), which opened the gate to foreign investors on establishing entertainment venues, and removed the restriction on proportion of foreign investment.
Wed, 14 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, China's supreme court issued ten Typical Cases involving the Internet, including the first case where blockchain technology was used for evidence deposition in China.
Tue, 13 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, Shanghai High People's Court issued three white papers, including "Ten Typical Financial and Commercial Cases in Shanghai Courts in 2020", introducing the top three types of cases by value accepted by Shanghai courts.
Mon, 12 Jul 2021 China Legal Trends CJO Staff Contributors Team
Hainan Arbitration Center of the China International Economic and Trade Arbitration Commission, which was launched on 8 Sept. 2020, heard its first arbitration case on 20 May 20.
Sat, 10 Jul 2021 China Legal Trends CJO Staff Contributors Team
As of May 2021, CICC has accepted 18 international commercial cases, eight of which have been concluded.
Thu, 08 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, National Internet Finance Association of China and other two associations jointly released the “Announcement on Preventing Speculative Risks in Virtual Currency Trading” (关于防范虚拟货币交易炒作风险的公告), stating that virtual currency is not a legal tender, and shall not be used as a legal tender in the market.
Wed, 07 Jul 2021 China Legal Trends CJO Staff Contributors Team
In April 2021, Cyberspace Administration of China and other six authorities jointly issued the “Administrative Measures for Live-streaming Marketing (for Trial Implementation)” (网络直播营销管理办法(试行)), marking the first regulation of its kind in China.
Tue, 06 Jul 2021 China Legal Trends CJO Staff Contributors Team
In May 2021, Shenzhen Intermediate People’s Court accepted five personal bankruptcy applications, which are the first batch of personal bankruptcy applications since the implementation of the “Personal Bankruptcy Regulation of Shenzhen Special Economic Zone” (深圳经济特区个人破产条例).
Mon, 05 Jul 2021 China Legal Trends CJO Staff Contributors Team
In Dec. 2019, Beijing Intellectual Property Court ruled in favor of Motorola Solutions, Inc., in Hytera v. Motorola (2017), providing a clear standard for defining a relevant market in cases of abuse of the dominant market position through tender and bidding transactions.
Sat, 03 Jul 2021 China Legal Trends CJO Staff Contributors Team
The Mainland-HKSAR mechanism for mutual recognition and assistance in bankruptcy proceedings has been established, after the SPC issuing the "Record of Meeting on Mutual Recognition of and Assistance to Bankruptcy Proceedings between the Courts of the Mainland and of the Hong Kong Special Administrative Region" and the "Opinions of the Supreme People's Court on Carrying out the Pilot Program for Recognizing and Assisting the Hong Kong Special Administrative Region in Bankruptcy Proceedings".