New social credit draft law raises concerns for foreign companies; CSRC lifts ban on property M&A and refinancing; and U.K. government unwinds a completed transaction for the first time.
Timothy Bickham, Wendy Wysong and Ali Burney of Steptoe & Johnson review the new rules relating to the export of semiconductors from the United States and the impact this will have on tech companies' existing and future business operations and how IP contracts will be affected.
The U.S. detains millions worth of solar panel products at the border; rules surrounding high-tech export controls clarified; Shanghai court strikes down VAM agreement
Daisy Duan and Sara Shi of King & Wood Mallesons review newly introduced regulations supporting pre-tax deductions for enterprise innovation in science and technology in China including recommended action to take advantage of these new tax preferential policies.
Three Chinese companies ordered out of Canada's lithium industry; CFIUS publishes first-ever enforcement and penalty guidelines; and China's metaverse IPO starts in Hong Kong.