The Cyber Security Law of the PRC, formally approved last November, 7 by the Standing Committee of NPC, came into effect on June 1, 2017. It is the consolidation and restatement of various existing cyber security and personal protection rules in a national-level law. This shows that the Chinese government has raised these matters higher in its agenda: the Cyber Security Law is the first legislation at the national law level which establishes the legal principles for protection of personal data and its use and misuse by network operators.
It aims to fight against cyber crimes ensuring the criminal, administrative and legal liability against individuals and entities who commit cyber fraud and cyber crime. The new law requires all critical information infrastructure operators to store personal information and important business data in China, as well as to provide technical assistance to security agencies and pass national security reviews.
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Provisions of the New Company Law on the Dismissal and Resignation of Directors China’s new Company Law, which will come into effect on July 1, 2024, creates the following systems for the dismissal and resignation of directors: first, the shareholders’ meeting may resolve to dismiss a director, but if a director is dismissed before the
The new Company Law was amended and passed on December 29, 2023, and will come into effect on July 1, 2024. The new law shortens the deadline for subscribed capital contributions, allowing companies to adjust their registered capital according to their operational conditions. This article starts by focusing on the key provisions of the new
On March 22, 2024, the Cyberspace Administration of China officially announced the Regulations on Facilitating and Regulating Cross-border Data Flow (“Regulations”) and took effect upon the date of announcement. According to the previous regulatory requirements for data outbound transfer, there are three main methods for data outbound transfer: security assessment, standard contract, and protection certification.
