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MOFCOM declaring the use of VIE (variable interest entity) structure in the internet sector illegal?
On 13 August 2012, MOFCOM approved Walmart's acquisition of a controlling interest in an online supermarket business in China subject to conditions. What …
CIETAC Split: the latest developments and how to proceed
CIETAC Beijing announced on 1 August that it had suspended the authorisation of its Shanghai and South China (Shenzhen) sub-commissions to accept and …
Alert: US imposes sanctions on PRC financial institutions/enacts new sanctions against Iran
On July 30, 2012, the US imposed sanctions on a PRC financial institution, Bank of Kunlun, for violating US sanctions against Iran. The sanctions …
CIETAC declares CIETAC Shanghai and Shenzhen no longer CIETAC Beijing sub-commissions
After three months, and significant speculation, CIETAC Beijing has made an official announcement addressing the decision by its Shanghai and South China …
Privy Council rules on the liability of State-owned corporations for debts of the State
On 17 July 2012, the Privy Council gave judgment in a case brought by FG Hemisphere, a Delaware corporation, against La Générale des Carrières et des …
China looks to tighten labour rules
China's concern for social stability is reflected in two recent draft labour law rules issued for public comment. The effect will be to increase HR costs …
A rock or an island? The significance of Okinotorishima and its status under the international law of the sea
Okinotorishima is an atoll in the Philippine Sea. Most of it reportedly lies below sea level even at low tide, with only two small areas appearing above …
Trilateral Investment Agreement signed by China, Japan and South Korea
On 13 May 2012, China, Japan and South Korea signed the Agreement among the Government of Japan, the Government of the Republic of Korea and the …
Further measures to protect presonal data: new requirements for obtaining type approvals for mobile devices in China
The PRC Ministry of Industry and Information Technology has recently released a draft notice on the proposed introduction of new requirements for …
CIETAC Shanghai announces split from CIETAC Beijing
On 1 May 2012, the Shanghai sub-commission of the China International Economic and Trade Arbitration Commission (CIETAC) announced that it has split from …
The new CIETAC Arbitration Rules: a move towards internationalisation?
The China International Economic and Trade Arbitration Commission (“CIETAC“) has recently published its revised Arbitration Rules, which come into force …
Indian Government declares China (including Hong Kong SAR) as a territory to which the New York Convention applies
The Indian Government has declared that China (including the Hong Kong SAR) is a territory to which the New York Convention applies under the Indian …
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