Hong Kong’s Recently Passed Ordinance on Third Party Funding and HKIAC’s Consultation
on Proposed Amendments to the 2013 Rules on Proposed Amendments to the 2013 Rules In this June, a long-awaited law was passed and enacted by the Hong Kong Legislative Council, clearing the way for third parties to fund arbitration in Hong Kong.
Repossession of Aircraft in China: Legal Issues and Options for Lessors
Authors: Shu WANG, Jun ZHU While the aviation industry continues to expand quickly in the PRC market, it is still possible that things can go wrong and an individual lessee may default under a lease when it faces tough times due to various reasons. For all lessors, whether they are financial lessors or operating lessors, …
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Shanghai Circulates Incentive Policy 2.0 for Foreign-Invested R&D Centers
Authors: David TANG, Jun LI, Serina WEI On October 16, 2017, Shanghai Municipal People’s government circulated the Several Opinions on Further Supporting Foreign-Invested Research and Development Centers to Participate in Shanghai’s Construction of a Science and Technology Innovation Center with Global Influence (Hu Fu Fa [2017] No. 79, hereinafter “Opinions”), which can be regarded as …
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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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