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China passes VAT Law on 25 Dec 2024; to take effect on 1 Jan 2026

China's new personal information compliance audit measures will take effect on May 1, 2025

Hong Kong introduces draft bill for critical infrastructure cybersecurity

Court orders employer to cover occupational disease compensation shortfall

Hong Kong proposes a re-domiciliation regime for foreign companies

China's aging population prompts talks on raising low statutory retirement age, straining pension funds

Trade secrets are the driving force of competitiveness for enterprises, particularly if technology-based

Hong Kong¡¯s Court of Final Appeal addressed the test for Quistclose trusts, emphasizing the importance of intent regarding fund use  

The NDRC issued a notice on 26 July 2024 to expand asset classes and streamline filing for China's REITs regime

A non-compete clause protects trade secrets but must not violate an individual¡¯s right to free choice of employment

Hong Kong¡¯s Privacy Commissioner published its AI framework, "Artificial Intelligence: Model Personal Data Protection," on 11 June 2024

China Securities Regulatory Commission (CSRC) announced five new significant measures to further integrate and develop the capital markets

Shanghai court released a case where an employee was held liable by the company for economic losses caused by her misconduct

SAMR issued draft regulations to implement the five-year capital contribution term for LLCs, effective from 1 July 2024

On 25 January 2024, the State Council issued the Interim Regulations on Carbon Emissions Trading, effective 1 May 2024

On 29 December 2023, the Standing Committee of the National People¡¯s Congress of China promulgated the amended Company Law

The State Council published in full its revised Provisions on Thresholds for the Filing of Concentrations of Undertakings on 26 January 2024

China has launched a unilateral visa-free policy for passport holders from France, Germany, Italy, the Netherlands, Spain and Malaysia for business, leisure and transit

A labour dispute case involving overtime pay recently concluded by the Wuhan Intermediate People¡¯s Court should be closely studied by employers

Gain insights from a Shanghai case on senior employee termination and learn valuable lessons

Hong Kong implements reciprocal rules for mainland judgments, revolutionizing cross-border enforcement.

The Stock Exchange of Hong Kong (SEHK) has published a consultation paper on proposed amendments to listing rules that will introduce a new treasury share regime

Hong Kong¡¯s Internal Revenue Department has modified its approach to issuing certificate of resident status (CoR)?

Hong Kong¡¯s Companies Registry has announced a unique business identifier (UBI) system for all entities under the administration of the Registrar of Companies

The State Taxation Administration (STA) launched a cross-border tax service for non-resident enterprises in April 2023

A recent judgment concerning Leading Holdings Group highlights the importance for individual investors in notes to strategise in the recovery of underlying debts

On 9 August 2023, US President Joe Biden issued an executive order to regulate US corporate or individual investments to China

Guidelines for Overseas Offering of Global Depositary Receipts by Domestic Listed Companies

Existing tax and fee cut policies were extended by the 14th National People¡¯s Congress last March, on approving the National Economic and Social Development Plan of 2023

Hong Kong recently expanded its talent admission scheme to 51 professions to attract top-notch professionals in support of economic and social development

Arecent non-compete dispute heard before Shanghai Baoshan District People¡¯s Court will have significant reference value for employers seeking to prove ex-employees covertly competed against them through indirect employment arrangements

A recent decision by the Hong Kong Court of First Instance in the liquidation case of Gatecoin ruled that cryptocurrencies are ¡°property¡± and are capable of being held on trust

The termination of an employment contract was ruled invalid by Henan Xinxiang Intermediate People¡¯s Court due to one small language error

The Hong Kong Court of Appeal has examined the applicability of the abatement clause and the principle of frustration in an appeal from a business tenant that sought to relieve its obligation to pay full rent during the covid-19 pandemic

Following Copyright Law amendments that took effect in 2021, Chinese courts have actively developed an array of solutions to tackle the ever-evolving field of infringement claims among cutting-edge technologies and new industrial types

Post-importation transfer pricing (TP) adjustments have always presented great challenges for multinational companies doing business in China

The CNIPA released guidelines to support open patent licensing following amendments to the Patent Law

Effective from 16 December 2022, lawyers in Hong Kong are permitted to fund clients for whom they act in an arbitration by entering into ORFS, such as conditional and contingency fee arrangements

The first equal opportunity employment case in Guangdong province was concluded in 2022, with a judgment ordering the employer to pay compensation and apologise in writing to the employee

The newly amended Law on the Protection of the Rights and Interests of Women, adopted by the Standing Committee of the 13th National People¡¯s Congress on 30 October 2022, came into effect on 1 January 2023

The Hong Kong Securities and Futures Commission¡¯s (SFC) ¡°manager in charge¡± (MIC) regime, which aims to heighten senior management¡¯s accountability within licensed corporations, came into effect in 2017

Phase two of the new inspection regime of the Companies Registry has come into effect from 24 October 2022, allowing Hong Kong companies to limit disclosure to the public regarding certain personal information of their directors and secretaries

Hong Kong¡¯s Legislative Council (Legco) passed the long overdue Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Bill on 26 October 2022

In June 2021, the Standing Committee of the 13th National People¡¯s Congress (NPC) officially announced the Stamp Duty Law of China (SD law), which became effective from 1 July 2022

On 25 May 2022, China deposited its instrument of approval for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) with the Organisation for Economic Co-operation and Development (OECD)

The Xiaoshan District Court in Hangzhou municipality recently held that the quarantine leave taken during the pandemic may not be set off against an employee¡¯s annual leave entitlement

Hong Kong¡¯s Court of Appeal allowed an appeal by the HKCC, increasing pecuniary penalties imposed against various respondents in two separate price-fixing cases on 2 June 2022

Determinations of price gouging infringements under the Price Law (PL) were clarified in detailed rules set by the State Administration for Market Regulation (SAMR) on10 June 2022

Significant changes to merger control procedures have been proposed by the antitrust enforcement authority, raising the existing turnover-based threshold and adding a new hybrid threshold based on turnover and market value

Establishing BWMS is an important means for commercial banks to strengthen risk isolation management and implement professional operation

A recent Hong Kong judgment confirms that familiar legal principles of trusts and injunctions apply equally to cryptocurrency as a novel asset class

In June, the National People¡¯s Congress 13th Standing Committee approved far-reaching amendments to the Anti-Monopoly Law (AML) that become effective from 1 August

Chinese embassies and consulates have adjusted requirements for pre-travel testing and Health Declaration Code applications

The Tianjin Intellectual Property Court recently tried a criminal case involving an employee¡¯s infringement of his employer¡¯s trade secrets

Foreign affairs offices in China announced that, effective 6 June 2022, they have lifted the PU Letter requirement for foreigners who work in China and their dependents

A joint initiative aiming to prevent risks associated with non-fungible tokens (NFTs) was issued by the China National Internet Finance Association, China Banking Association and Securities Association of China on 13 April 2022

Antitrust enforcement are continuing to crack down on outlawed resale price maintenance (RPM), with a multinational dental medical device manufacturer¡¯s Chinese entity recently fined RMB9.12 million (USD1.35 million)

The antitrust authority will be stepping up oversight over the platform economy, technology development, data security and livelihood sectors such as utilities, healthcare and medicine

The Supreme People¡¯s Court (SPC) has identified relevant factors from an Anti-Monopoly Law perspective when assessing pay-for-delay settlement agreements

Under the Hong Kong regulatory framework, listed companies should focus on the following aspects of compliance.

To further fulfil the commitment to protect personal information, mainland China promulgated the new Personal Information Protection Law (PIPL)