According to the revised Code, lawyers and law firms may legally publicise their lawyers and law firms as well as their own business fields and specialities through advertising.
The revised Measures require a franchisor to disclose the actual investment amounts of its franchisees. Confidentiality requirements of franchisees are also elaborated.
Implementing Regulations finally come out after the promulgation of the PRC Law on the Invitation for and Submission of Bids in 1999, preventing the restriction or preclusion of potential bidders.
NDRC issues the first nationwide circular on private equity investment enterprises regulating the establishment of equity investment enterprises and limitation on the number of investors.