Casper Sek of Jingtian & Gongcheng examines the implications of a new set of draft provisions aimed at regulating and facilitating the cross-border flow of data
U.S. further restricts export of chips to curb China's technological advancement; China bans domestic brokerages from offshore trading in order to stabilize its currency; and Chinese court continues to not recognize crypto lending in civil litigation cases
CAC relaxes cross-border data transfers by multinationals. A handler of key data or core data in the industry and information technology sector shall complete data security risk assessments. Intellectual property infringements are required to be identified when providing generative AI services.
New national security restrictions on investments by U.S. persons in sensitive technologies involving Chinese-controlled entities will affect due diligence and contracting practices for tech deals throughout Asia. Nathan Bush of DLA Piper examines the rules and their likely impact.
