Environmental, social, and governance (ESG) investing is gaining traction across the Asia-Pacific region, but different jurisdictions and markets have varied approaches to disclosure requirements and regulations, creating a...more
The world is witnessing a flurry of activity surrounding issues of data protection, cybersecurity, artificial intelligence (AI), and consumer privacy. According to the National Conference of State Legislators, some 40 US...more
The US government’s multibranch effort to implement a new regulatory regime designed to regulate outbound investments based on national security concerns moved forward with the White House’s August 9, 2023 Executive Order, EO...more
China’s Ministry of Science and Technology (MOST) officially announced on June 1, 2023 the release of the “Detailed Implementation Rules for the Management Regulations of Human Genetic Resources” (the Detailed HGR Rules)....more
6/6/2023
/ Biotechnology ,
China ,
Compliance ,
Export Controls ,
Genetic Materials ,
Genetic Testing ,
Healthcare ,
Life Sciences ,
Multinationals ,
Pharmaceutical Industry ,
Popular
Heading into 2023, Asia’s tech scene is well-positioned for strong growth potential. As with any industry where advancement and innovation are outpacing regulation, the complex landscape can be difficult for businesses to...more
11/1/2022
/ Asia ,
CFIUS ,
Data Privacy ,
Digital Assets ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
FinTech ,
Mergers ,
Metaverse ,
National Security ,
Patent Litigation ,
Popular ,
Startups ,
Virtual Reality
World events, such as the COVID-19 pandemic, have accelerated the need for business operations to grow more digitally reliant and driven. As the global network grows and becomes more interconnected, privacy and...more
9/15/2022
/ Biometric Information ,
Computer Fraud and Abuse Act (CFAA) ,
Corporate Counsel ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Personal Information Protection Law (PIPL) ,
Popular
China recently finalized the Measures for Security Assessment for Cross-Border Data Transfers, unveiling the last piece of the puzzle for cross-border data transfer. This LawFlash highlights the key requirements in the data...more
Life sciences companies are increasingly global, with the nationalities of individuals in management teams and offices often spanning the major life sciences centers across the United States, in China, and around the world....more
China’s long-awaited Personal Information Protection Law (PIPL), after two rounds of draft versions, was finally passed by the Standing Committee of the National People's Congress on August 20, 2021, with the law effective...more
8/24/2021
/ China ,
Corporate Counsel ,
Cybersecurity ,
Data Controller ,
Data Processors ,
Data Protection ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Personal Data ,
Personal Information ,
Popular ,
Regulatory Reform
China’s new Data Security Law includes more expansive and restrictive requirements on data localization, mandatory security level certification, and severe penalties on unauthorized foreign transfer of data....more
The new measure, which will come into effect on June 1, 2020, will potentially affect operators of critical information infrastructures as well as their domestic and overseas suppliers. Affected companies should now take...more
Under recent Chinese banking regulations, which include the increased regulation of asset and wealth management products, licensed commercial banks must have prior approval and licensing to engage in the marketing and sale of...more
With increased concerns regarding the safety of individual personal information, the Chinese government has clarified its existing data privacy rules regarding the collection, processing, usage, and more of personal data....more
The draft legislation provides further guidance on the regulations provided in the recent cybersecurity law, including definitions and details on the security assessments required for cross-border data transfers....more
The law applies to all “network operators” and introduces cybersecurity mechanisms.
On November 7, 2016, the Chinese government released a draft version of the Cybersecurity Law (CSL) that will govern China’s cyberspace...more