Encryption of Your Commercial Activities: The First PRC Law Issued in the Field of Commercial Cryptography
Overview of the Legislation
On October 26th ,2019, the Standing Committee of the National People's Congress of China approved <Cryptography Law of the People's Republic of China> (hereinafter referred to as “Cryptography Law”...
The potential impact of the social credit system on foreign enterprises in China
In 2014, China published the Planning Outline for the Construction of a Social Credit System (2014 - 2020) (hereinafter referred to as “Outline”), China has since then actively prompted its establishment, rendering the year 2019 a key point for such a grandiose maneuver. In light of the ongoing PRC-US trade war, the impacts of th...
Negotiations for the EU-China Agreement on the Protection of Geographical Indications have finally concluded
On November 6th 2019, after eight years, the negotiations between China and the European Union on the Geographical Indications Agreement were finally concluded.
This landmark Agreement will protect 100 European Geographical Indications in China and 100 Chinese Geographical Indications in the EU against imitatio...
Labelling of Made in Vietnam products
The number of companies that are looking to invest in Vietnam is constantly increasing and it is essential for anyone aiming to intelligently invest, to have a proper understanding of the business environment and the relevant regulations. Keen observers would also be aware that Vietnam has also been under the radar due to the conveni...
The Facilitations for Innovative Start-Ups in Italy: The New Decree 17 October 2019
On 17 October 2019, a new decree from the Ministry of Economic Development on innovative start-ups facilitations was published in the Italian Official Journal, which modifies the old scheme by making the access, granting and disbursement procedures for facilitated loans both easier and faster.
The subsided loans may be granted to ...
The Risks of Not Signing A Written Labor Contract
Last month, we published an article suggesting that employers should sign labor contracts with their employees to avoid being punished and having to pay double wages, today, we will continue to explore this topic and elaborate on further risks employers may encounter if they do not sign a written labor contract as well as the dangers...
$1.5 Billion Initiative: Amendments to The Information, Information Technology and Information Protection Law
On October 11 Nasdaq shares of Yandex N.V., the parent company of Russian flagship internet company Yandex, suffered a 16% drop equal to $1.5 billion loss of capitalization. The the fall with the news of the amendments of the Information, Information Technology and Information Protection Law (Information Law).
As a means of backg...
Enforcing Foreign Arbitral Awards in India: Less Scope for Inquiries and Increased Reliability
The growth of international commerce has necessitated the creation of efficient methods of the resolution of disputes such as arbitration and the enforcement of the consequent awards that determine the rights and obligations of the parties. In some situations, securing an award from a foreign seated tribunal is merely half the battle...
Are your goods safe to be imported into Russia?
Russian legislation sets quite strict requirements for the quality and safety of goods imported from abroad, including China. Absence of documents proving that the goods are in compliance with the required safety standards, is one of the grounds for the Russian custom authorities to stop products at the border (para 7 Article 125 of...