The Unveiling of Cybersecurity Reviews
Authors: David TANG, Min ZHU On May 2, 2017, the Cyberspace Administration of China (“CAC”) issued a trial version of the Measures for the Security Review of Network Products and Services (Trial) (“Trial Measures”), which are slated to become effective on June 1. The Trial Measures are another supporting document of the Cybersecurity Law that …
Personal Information Protection from the Perspective of Criminal Law
Authors: David TANG, Min ZHU, Will HUANG On May 9, 2017, the Supreme People’s Court and the Supreme People’s Procuratorate held a press conference to release the Interpretations of the Supreme People’s Court and the Supreme People’s Procuratorate on Several Issues Concerning the Application of Law in the Handling of Criminal Cases Involving Infringement of …
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New Trends in Overseas Investment Administration
Authors: Gloria XU, Claire XIAO On August 4, 2017, the Guiding Opinions on Further Guiding and Regulating the Direction of Overseas Investment (Guo Ban Fa [2017] No. 74) ” (the “Guiding Opinions”) was jointly promulgated, with the approval of the State Council, by the National Development and Reform Commission (“NDRC”), the Ministry of Commerce (“MOFCOM”), …
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Guidelines on Data Export Security Assessments
David TANG, Min ZHU On May 27, 2017, the National Standardization Technical Committee for Information Security (“Technical Committee”) promulgated a draft for comment of the Information Security Technology – Guidelines for Data Cross-Border Transfer Security Assessment (Draft) (the “Guidelines”), in order to supplement the personal information and important data export assessment requirements stipulated under Cybersecurity …
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Comments on the Measures on Security Assessments for Personal Information
and Important Data to be Transmitted Abroad (for Public Comment) David TANG, Min ZHU On April 11, 2017, the Cyberspace Administration of China (“CAC”) issued the Measures on Security Assessments for Personal Information and Important Data to be Transmitted Abroad (for Public Comment) (“Measures”), seeking public comment. The Measures will act to support the Cybersecurity …
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Brief Comment on the General Provisions of the Civil Law
Author: Han CHEN As a prelude to the civil code of the People’s Republic of China, the General Provisions of the Civil Law of the People’s Republic of China (the “General Provisions”) was adopted with votes at the Fifth Session of the 12th National People’s Congress on March 15, 2017 and will enter into force …
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Hong Kong New Board – To Embrace the New Economy
Authors: Han Kun Hong Kong Associate Law Firm Yurong YE, Felix MIAO, Fredric HUANG Recently, the Stock Exchange of Hong Kong Limited (“SEHK”) has published the New Board Concept Paper for the purpose of seeking market feedback on SEHK’s proposed establishment of a New Board. This newsletter is a brief introduction to the New Board …
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PRC Court for the first time Recognizes and Enforces a Commercial U.S. Court Judgment
Authors: Andy LIAO, Alan LIN On June 30, 2017, the Wuhan Intermediate People’s Court (“Wuhan Court”) issued a verdict (the “Case”) ordering the recognition and enforcement of a commercial judgment rendered by the Los Angeles County Superior Court, California, USA (“LA Court”). This marks the first time for a PRC court to recognize and enforce …
Foreign Direct Investment Law
Shanghai further optimizeslocal policies to promote the establishment of regional headquarters of multinational corporations. David TANG | Jun LI | Serina WEI Shanghai, as the leader of further opening up and attracting foreign investment in China, has recently promulgated the revised Regulations of Shanghai Municipality on Encouraging Multinational Corporations to Establish Regional Headquarters (“2017 Regulations“) …
AMAC Issued New Guidance on Private Fund Service Business
Authors: James Yong WANG, Shawn Xiao DING On March 1, 2017, Asset Management Association of China (the “AMAC”) promulgated the Administrative Measures for Private Investment Fund Service Business (Trial) (the “Administrative Measures”) which became effective on the same day. The Administrative Measures superseded the Guidelines on Fund Outsourcing Services (Trial) issued in February 2015 (the …
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