The Shanghai Municipal Bureau of Justice issued on 13 June 2024 and entered into force on 1 August 2024 the Measures for the Promotion of Ad Hoc Arbitration in Shanghai for Foreign-related Matters in Commercial and Maritime Fields (For Trial Implementation) which refers to Ad Hoc Arbitration Measures in this article. For most people, ad
As a key city in Northern China, Tianjin has successfully attracted significant foreign investment due to its unique geographical location, abundant resources, and supportive legal policies. The latest policies concerning Tianjin, in particular, offer even greater development potential and opportunities for foreign investment in China. I. Recent Policies Create New Opportunities for Foreign Investment II.
In order to implement the requirements of the State Council’s Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods (Guo Fa [2024] No. 7), the Shanghai Municipal People’s Government released the “Shanghai Action Plan for Promoting Large-scale Equipment Update and Consumer Goods Exchange for New (2024-2027)”(“Action Plan”) on April 30, 2024. According
Background In the context of the evolving global economic landscape, to further optimize the business environment and build an open, fair, and transparent market system, the Chinese government officially implemented the Fair Competition Review Regulation (hereinafter referred to as the “Regulation”) on August 1, 2024. The formulation of the Regulation stems from the continuous pursuit
Introduction Nestled in the heart of Shenzhen, a city renowned for its rapid development and technological advancements, lies the The Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone (“Hetao” or “Hetao District”). This area has emerged as a vibrant hub for innovation and entrepreneurship, attracting talents from all over the world. In this article,
I. Introduction Recently, the newly revised Company Law of the People’s Republic of China （“New Company Law”）was effective on July 1, 2024, which requires that the registered capital of a limited liability company shall be fully paid within five years from the date of the company’s establishment and that the registered capital of a joint
As globalization intensifies cross-border interactions, understanding the legal mechanisms for enforcing foreign decisions becomes crucial for international business and dispute resolution. This article examines the recognition and enforcement of foreign judgments and arbitral awards across four jurisdictions: China, India, Italy, and Vietnam. By comparing these jurisdictions, we aim to highlight the similarities and differences in
In the digital age, data security has become an important issue in enterprise operations, especially for accounting firms that handle a large amount of sensitive financial information, data security management is particularly important. Recently, the Ministry of Finance and the Cyberspace Administration of China issued the Interim Measures for Data Security Management of Accounting Firms
The Yangtze River Delta region (hereinafter refer to as the “Delta Region”) stands out as a key investment destination in China, having made significant strides in attracting foreign investment in the past decades. The Delta Region, encompassing Shanghai and the provinces of Jiangsu, Zhejiang, and Anhui, achieved a milestone in 2023 as its economic output
