OVERVIEW OF WHAT IS NEW IN 2020 DRAFT AMENDMENT TO CHINA’S ANTI-MONOPOLY LAW

Categories: Legal Updates | By Anna Huang

As the 2020 Draft Amendment to the Anti-Monopoly Law makes its way through the state legislative process, this first amendment in a decade will, if passed, be a comprehensive change to the current anti-monopoly regime. The amendment addresses all perspectives of monopolistic practices, including monopoly agreements, abuse of a dominant market position, the concentration of…

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How U.S. Businesses Can Keep Trans-Pacific Operations Strong During COVID-19

Categories: Business In China, Legal Updates | By Peter Pang

China and the United States mutually benefit from their deeply intertwined relationships. The strong economic connection between the U.S. and China creates a natural incentive to keep trans-Pacific operations strong despite the challenges presented by the coronavirus pandemic. China’s COVID-19 Response Proves Effective When coronavirus first hit, the Chinese economy took a massive blow to…

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Taxation on a Foreign Enterprise without a Physical Office in China: Are You Obligated to Pay?

Categories: Foreign Direct Investments, Legal Updates | By Anna Huang

Foreign enterprises often come across a baffling issue when providing technical or consulting services by dispatching employees to its Chinese partners or affiliates. They are mandated to pay enterprise income tax in China even though they establish no physical office there. This practice triggers great concerns about double taxation. Moreover, a foreign enterprise must settle…

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How are your contracts affected by the coronavirus?

Categories: Business In China, Legal Updates | By Wendy Zhang

Local businesses, as well as global companies with significant footprints in China, have temporarily suspended their production, logistics, international service, and other aspects of their operations as they grapple with the widespread disruption brought on by the novel coronavirus 2019 (nCOV-19) outbreak that has derailed commerce in China. This has also spurred companies to review…

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Latest Economic Policies and Incentives of Chinese Government on Fighting Coronavirus Impacts

Categories: Business In China, Legal Updates | By Anna Huang

Towards the end of 2019, novel coronavirus (COVID-19)-infected pneumonia started to break out in the sprawling capital of Central China’s Hubei province, Wuhan. In the weeks that followed, Chinese authorities embarked on a crusade against novel coronavirus, as fears of a widespread epidemic nationwide deepened. The extreme measures that China took to keep a tight…

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Applicability of Force Majeure in the Light of Coronavirus Outbreak

Categories: China 101, Legal Updates | By Peter Pang

A large number of electronics and chemical companies, pharmaceutical firms and those from the manufacturing sector are witnessing obstacles in the supply chain due to the outbreak of coronavirus (COVID-19). The situation has pushed the Chinese companies to withdraw from their contractual responsibilities, and more than 4,800 force majeure certificates have been issued as of…

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Coronavirus Outbreak I – Legal Obligations for Employers in China

Categories: Labor and Employment Law, Legal Updates | By Peter Pang

Towards the end of 2019, local authorities in Wuhan, Hubei province, identified a cluster of cases of novel coronavirus (COVID-19)-infected pneumonia. Instantaneously declared a Public Health Emergency of International Concern by the World Health Organisation (WHO), the virus is spreading around the world like a whirlwind. As of 24 February 2020, novel coronavirus COVID-19 has…

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Spotlight on the Enforcement of the U.S. Foreign Corrupt Practices Act: 2018 and Beyond

Categories: Blog, Business In China, Financing in the U.S. with Chinese Investors, Legal Updates | By Peter Pang

By Peter Pang* The Foreign Corrupt Practices Act (the “FCPA”) is a U.S. federal statute that requires companies to observe certain accounting transparency standards and prohibits individuals and companies from bribing foreign officials. Because of its international reach, it can be used to impose civil and criminal sanctions against both companies and individuals operating anywhere…

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