On July 7th, 2022, the Cyberspace Administration of China (hereinafter referred to as the "CAC") issued the Measures for the Security Assessment of Outbound Data Transfers (hereinafter referred to as the "Assessment Measures")...
General During its business activities, a company may encounter a situation in which its administrative body deems it appropriate to reduce its share capital. The decision on the reduction of share capital rests with the shareholders meeting, who vote at the invitation of the administrative body, with the l...
Introduction In recent years, lending by private fintech companies most commonly known as Non-Banking Financial companies (NBFCs) have been on the rise, with NBFCs in India lending to entities/individuals and companies since the year 1960. NBFCs have recently become a savior to small start-up companies ...
It should come as no surprise for international businesses that derive a significant percentage of their turnover from Chinese consumers that receiving payments from their Chinese counterparties can be a long and cumbersome process. This is especially relevant for overseas companies that do not have a permanent establishment in China...
The merger of a company shall be divided into two forms: consolidation by merger and merger by incorporation. Consolidation by merger shall refer to the circumstance where one company absorbs another or others and remains in existence while the absorbed company/companies dissolve. Merger by incorporation shall refer to the circumstan...
With the increased attention on environmental protection in Chinese society, the amended Law on Prevention and Control of Noise Pollution (hereinafter “Law”) has come into force from June 5th 2022. Since the first issuance of noise control law in 1996, China has not substantially amended noise control requests for over 20 years. ...
Recently, housing rental prices seems to have been significantly increased in many major cities in China. Especially in Shanghai, the rental market, which had been unchanged for more than two months due to lockdown, suddenly exploded as soon as the city was unsealed. In this article, we will provide a summary of some of the most rece...
Introduction India has been on the brink of major development since various new incentives for manufacturing sectors rolled out in the month of March 2020 the Production Linked Incentive Scheme or the commonly abbreviated “the PLI scheme”. PLI is an initiative started by the Government...
In recent years, especially post-pandemic, Vietnam attracted significant amounts of investment from all over the world. With an increasingly dynamic market and a range of reasonable policies, many foreign investors choose Vietnam as a promising destination to establish, develop and expand their business, especially with the foreign d...
Several months have passed since the beginning of Russia's special military operation, and the European Union has introduced several packages of sanctions against Russia. The latest sixth package of sanctions was introduced on June 1st, 202...
