Dutch competition authority imposes fine on company for deleted chat messages during a dawn raid -
The Dutch competition authority (“ACM“) recently confirmed that the obligation to cooperate fully with an inspection/during...more
3/23/2020
/ Antitrust Provisions ,
BSA/AML ,
Competition ,
Competition Authorities ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Federal Trade Commission (FTC) ,
Hart-Scott-Rodino Act ,
Monopolization ,
Threshold Requirements
On 30 January 2020, the World Health Organization declared COVID-19 to be a public health emergency of international concern. ...more
This tracker covers a range of developments across the region, including China's measures to further open up China's insurance sector, the guidelines issued by the Hong Kong Insurance Authority in light of the regulatory...more
Under normal circumstances the fact that the parties to a contract have imprinted seals (or 'chops' as official company seals are called in China) would typically indicate that the parties have reached an agreement on the...more
On 19 November 2019, the State Administration for Market Regulation (“SAMR”) posted a draft of the Interim Measures on Rewards for Complaints Against Significant Illegal Conduct in the Market Regulation Field (“Draft Reward...more
12/3/2019
/ Anti-Monopoly ,
Antitrust Provisions ,
Antitrust Violations ,
Comment Period ,
Corporate Counsel ,
Illegal Conduct ,
Incentive Awards ,
Monopolization ,
Public Comment ,
Rulemaking Process ,
State Administration for Market Regulation (SAMR) ,
Whistleblowers ,
Willful Misconduct
Ever since China began opening up to the outside world, the right of foreign-invested enterprises ("FIEs") to make equity investments within the People's Republic of China (which for these purposes refers to Mainland China...more
12/2/2019
/ Capital Contributions ,
China ,
Cross-Border Transactions ,
Equity Investors ,
Financial Institutions ,
Financial Regulatory Reform ,
Foreign Investment ,
Foreign Investment Entities (FIEs) ,
Free Trade Zone ,
Investment ,
Investment Opportunities ,
Regulatory Standards ,
State Administration of Foreign Exchange (SAFE)
Two years on since the first draft, the final act of the legislative passage saga of the long-awaited People's Republic of China Encryption Law ended with its promulgation on 26 October 2019. It will take effect on 1 January...more
Following the ground-breaking People's Republic of China (PRC) Foreign Investment Law (FIL) which unifies and replaces the main existing rules governing foreign invested enterprises (FIEs) and their activities, namely the...more
On 15 October 2019 the State Council in China published the decision on revising the Foreign Insurers in China Regulations and the Foreign-Invested Banks Administrative Regulations (known as the "Decision"). The Decision...more
After the China Banking and Insurance Regulatory Commission announced 12 measures to open up China’s banking and insurance industry in May, the Financial Stability and Development Committee under the State Council announced...more
10/24/2019
/ Bond Markets ,
China ,
China Securities Regulatory Commission (CSRC) ,
Financial Institutions ,
Financial Markets ,
Financial Regulatory Reform ,
Foreign Investment ,
Hong Kong’s Financial Services Development Council (FSDC) ,
Institutional Investors ,
Investment Opportunities ,
Pension Funds ,
People's Bank of China ,
QFIIs ,
RQFII ,
S&P
China is marching on to be the world's pioneering cashless society but unfortunately there is an almost complete absence of foreign counterparts in the huge Chinese domestic or cross border transactions initiated from China....more
8/27/2019
/ China ,
Critical Infrastructure Sectors ,
E-Commerce ,
Foreign Investment ,
Foreign Investment Entities (FIEs) ,
Internet Retailers ,
Licensing Rules ,
Payment Services Directive ,
PBOC ,
Regulatory Oversight ,
Telecommunications ,
Third Party Payments
Between July and August 2019, China's State Administration of Foreign Exchange ("SAFE") made one step forward towards China's comprehensive foreign exchange reform. The local branches of SAFE in China's 12 Free Trade Zones...more
Much has already been written about the foreign investment law which was voted into law by China's highest legislative body, the National People's Congress of the People's Republic of China, on 15 March 2019.
...more
The dynamism of the Technology, Media and Telecoms sector is set to continue.
Challengers can reach scale seemingly overnight, forcing market change at a similar speed. Established business models are upended, driving...more
6/21/2019
/ 5G Network ,
Antitrust Provisions ,
Artificial Intelligence ,
Big Data ,
Digital Media ,
Drones ,
eSports ,
Foreign Investment ,
General Data Protection Regulation (GDPR) ,
Hulu ,
Intellectual Property Protection ,
Internet Streaming ,
Netflix ,
Outer Space ,
Satellites ,
Standard Essential Patents ,
Telecommunications ,
Television Programming ,
Trade Policy ,
UK Brexit
China's new FIL and ambitious but controversial long-term strategies such as "Made in China 2025" mean potentially greater investment opportunities for international companies - particularly in high-tech manufacturing, life...more
6/5/2019
/ China ,
Foreign Direct Investment ,
Foreign Investment ,
Foreign Relations ,
Intellectual Property Protection ,
Investment Funds ,
Investment Opportunities ,
Investors ,
Multinationals ,
Technology Transfer Agreements ,
Trade Wars ,
US Trade Policies ,
Webinars
On 28 May 2019, the Cyberspace Administration of China (CAC) released the draft Measures on the Administration of Data Security (Data Security Measures, see our in-house English translation here) for public...more
The cybersecurity classified protection regime attracted significant attention when it was included in the Peoples Republic of China (PRC) Cyber Security Law promulgated in 2017 (the CSL). The CSL mandates that network...more
The Social Credit System ("SCS") in the People's Republic of China is not a new concept.
But the Chinese Social Credit System is nothing if not controversial. There are two world views of the SCS, which paint diametrically...more
On 1 February, 2019, the National Information Security Standardization Technical Committee issued an amended version of the GB/T 35372-2017 Information Technology – Personal Information Security Specification for public...more
As had been widely anticipated, the Foreign Investment Law was voted into law by China's highest legislative body, the National People's Congress of the People's Republic of China on March 15, 2019.
...more
In a recent move involving both the Chinese legislature (the National People’s Congress) and the executive branch (the State Council), China has overhauled two of its most important pieces of legislation governing inbound...more
On December 26, 2018, the National People's Congress (NPC) of the People's Republic of China (China or PRC) issued a revised draft Foreign Investment Law (the 2018 Draft) for public comments, accompanied by an explanation...more
In this edition we survey the latest legal and regulatory developments across the global media and communications industry. We have a particular focus on new privacy laws.
...more
On December 29, 2017, the Standardization Administration of China, jointly with the PRC General Administration of Quality Supervision, Inspection and Quarantine, issued the Information Security Technology – Personal...more
11/14/2018
/ China ,
Consumer Protection Laws ,
Cooperative Compliance Regime ,
Cybersecurity ,
Data Collection ,
Data-Sharing ,
General Data Protection Regulation (GDPR) ,
Information Technology ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements
China's new rules for Internet-based medical services – telemedicine, Internet hospitals and Internet-based diagnosis came into force on 17 July 2018.
...more
10/31/2018
/ China ,
Diagnostic Tests ,
Electronic Prescribing ,
Health Care Providers ,
Health Information Technologies ,
Hospitals ,
Internet ,
Licensing Rules ,
Physicians ,
Telehealth ,
Telemedicine