A Practical Guide on Dormant Company Status in China (I) – How to Apply for Dormant Status?
Under the influence of the seemingly everlasting pandemic, companies in China that suffer business difficulties may consider seeking suspension of business operations so as to save costs for an interim period, rather than entering a liquidation procedure. In order to support business activities in such sensitive periods of time, the ...
LATEST: China Shortens COVID Quarantine, Eases Flight Curbs
China’s State Council has announced 20 measures to in order to further optimize epidemic prevention and control work. Among them, we hereby highlight some of the major developments and the most important measures you should be aware of:►►►...
Commercial Debt Recovery in India
The debt recovery law in India has been prevalent since age old times, with the concept of debt recovery governed primarily under the Code of Civil Procedure, 1908 and thereafter various laws have been enacted to safeguard the interests of debtors.
The process of recovering debts owed to a ...
Import & Export Vietnam: The Certificate of Origin (Form E) in the Context of the ASEAN-China Free Trade Area (ACFTA)
According to General Statistics Office of Vietnam, the country’s export of goods in the first 8 months of 2022 has increased by 17.3%, with a total value of 250.80 billion USD, having a higher growth rate if compared to the pre-COVID19 period, while imports saw a growth rate of 13.6%, with a value of 246.84 billion USD.
Automotive Development in Italy: New Investments from China
Italy, and Europe more generally, is a global benchmark for the automotive industry as home to several of the world's largest and most iconic car companies. In this period of economic recovery, following re-openings and the easing of restrictive measures, both the Italian government and foreign companies have decided to focus on this...
Opening a Business Bank Account in the UAE
Investing in the United Arab Emirates (UAE) is quite straightforward, and is encouraged by a business-friendly legal, regulatory, and financial environment. As one of the world’s freest economies with a globally-minded business culture, the UAE is a stable, investor-friendly global hub.
Opening a bank account for business, as on...
On the Perimeter of the Economic Circle
Market access barriers in the burgeoning market of Southwest China
The eastern and southern regions of China have long been the traditional powerhouses for foreign investors, leading to a large disparity with more inland regions in terms of market development. China has sought to rectify this imbalance through ini...
Severance and Tax for Cancelling/Terminating Labor Contracts in China
If a company intends to CANCEL (解除) or TERMINATE (终止) a labor relationship with certain employees, the company may have to consider the right approach to cancel/terminate. Furthermore, the company may also be concerned about whether it needs to pay severance and how to calculate such severanc...
India’s New Norms on Corporate Social Responsibility
The concept of Corporate Social Responsibility (CSR) found its position in India for the first time under the revised Companies Act, 2013. Prior to the new Companies Bill of 2012, the provision of CSR was loosely available to companies to spend their monies in a limited way on CSR activities b...
Real Estate Vietnam 2022: Resolutions and Goals for improving the Land Law
After more than 8 years of implementation of the Vietnam Land Law 2013 (45/2013/QH13), important results have been achieved on land management, with a comprehensive, stable, and practical legal corridor for the exploitation and use of land which laid the foundation of the Vietnamese real estate market and making positive contribution...