PRC Law Updates

Find out all about our firm’s latest PRC Law updates below. To learn more about any individual item, please contact us here.

14 Dec 2017

PRC Law Update

Civil judgments in matrimonial and family cases are to be mutually recognized and enforced in Mainland and Hong Kong

23 Nov 2017

NDRC Seeks Public Comments on the Administrative Measures for Outbound Investment of Enterprises

On November 3, 2017, National Development and Reform Commission(“the Commission”) issued the Administrative Measures for Outbound Investment of Enterprises (Draft for comments) (“the Draft “) , with the aim to “provide better macro guidance to outbound investment, optimize comprehensive services for outbound investment, improve regulation throughout outbound investment, promote the constant and healthy development of outbound investment”.

10 Nov 2017

PRC Law Update: November 2017

The Administrative Measures on Due Diligence of Non-resident Financial Account Information in Tax Matters (“the Measures”) came into effect on July 1, 2017, which is viewed as China’s domestic legislation for implementation of CRS in China.

13 Oct 2017

PRC Law Update

First Time Recognition by a PRC Court of Enforcement of a U.S. Commercial Judgment

Recently, the Wuhan Intermediate People’s Court (“Wuhan Court”) recognized and enforced a commercial judgment awarding damages entered by the Los Angeles County Superior Court, California, USA (“CA Court”).

24 Sep 2017

NHFPC’s new policy regarding investment in the medical field

Under the Foreign Investment Catalogue Guide (Revision 2017), foreign investment in medical institutions is always highly restricted. In China, Medical institutions can only be established in the form of an equity joint venture or cooperative joint venture. Besides, foreign investors may face operational difficulties due to a strict and time-consuming approval procedure.

15 Sep 2017

PRC Law Update

Second Revised Draft for Review of Anti-Unfair Competition Law Issued For Public Comments

Recently, the Anti-Unfair Competition Law (Second Draft for Review) (“Revised Draft”) has been deliberated at the Session of the Standing Committee of the 12th National People’s Congress. The first draft for review had been issued for public comments in 2016.