- China Law News
- Dispute Resolution
- Foreign Direct Investment
- Outbound Investment
- Technology Media and Telecom
In the News: Extraterritorial Law Application in China; New EU AI Rules Add to Costs; and FDI in China are More Cautious
July 18, 2024 | BY
Brian Chan &Krista LeeThe Supreme People's Court releases "typical cases" as a guide for the application of extraterritorial laws in Chinese courts; Chinese tech companies anticipate increased costs under the EU AI Act; and Foreign investors face increased domestic competition in China.
China Releases Five Foreign Cases That Guide International Cases in Chinese Courts
On July 5, China's Supreme People's Court (SPC) issued the first batch of "typical cases" clarifying the application of extraterritorial laws. The aim of the cases is to create a market-oriented international business environment in China and to enhance the international influence of China's judiciary, Beijing said. The five cases involve common types of international civil and commercial matters related to company investment, sales contracts, guarantee contracts, multimodal transport contracts and engineering supervision contracts. The jurisdictions involved are the U.S., the UK, Mexico, Tajikistan and Hong Kong.
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now