Personal data transfer within the Greater Bay Area is made more convenient. Supreme People's Court clarifies what constitutes "a material change" in a contract, as well as liability for breach of non-compete clauses. CSRC reduces the commission rate on the securities transactions of public funds.
Chinese court established the FRAND rate for 5G patents in Oppo v Nokia case; Regulator warns Gotion of failing to disclose conditions of its deal with Illinois; and Apps like Alibaba Marketplace and Taobao Alliance are violating data collection laws
AI content protected by Chinese copyright law due to the addition of "human investment"; A provincial appellate court rules that Shanghai's Maichilin has infringed Michelin's trademark; and the ramifications of Shein's plans to file an IPO in the U.S.
Chinese auto companies are being asked CFIUS-like questions; Hong Kong's new reciprocal enforcement regime is expected to provide more certainty to parties; and MOFCOM clears unequal treatment for foreign investors.
Banks should pay attention to potential country risks, as well as risks existing in credit and investment. A transition period of two years is set for loss provisions counted as part of net capital of banks. Online trading platform operators are required to provide information on a merchant trading on its platform when a recall of defective products are involved.
CSRC specifies rules for convertible bond financing for M&A. Trust companies are rated for different levels of regulation. Online companies are required to comply with trade secrets protection specifications.
European Chamber survey highlights its issues with China's data privacy laws; Purplevine IP funds IP lawsuits in the U.S. amidst attempts to control litigation finance practices; and Outlined regulations affect the future cryptocurrency market of Hong Kong.
UK NSI Act update may bring new opportunities for foreign companies; Fund registration and operational requirements are relaxed to lower cost of foreign investment in China capital markets; and NFT theft is considered criminal theft due to its property and data characteristics.
Revised state secrets protection law specifies acts of violation. State Cryptography Administration issues rules on security assessment of commercial cryptography, as well as qualifications for commercial cryptography testing institutions.
China bans those holding state secrets from traveling abroad during the 'confidentiality period'; the European Union requires Alibaba's subsidiary AliExpress to provide information on its measures to deal with illegal products; and the British fashion retailer Missguided is now under the management of SHEIN
