By Mark Schaub, Atticus Zhao and Jerry Wang King & Wood Mallesons’ Corporate & Securities group

Many countries recognize the significant road safety, economic and environmental benefits that automated driving technologies may bring. As a result the eventual roll-out of autonomous technology is awaited with great eagerness but before automated driving vehicles can be commercially launched they will need to undergo strict technical and road tests to ensure their safety. Continue Reading Self-driving Car Road Tests in China – How to get on the Road to Progress

By Susan Ning, Wu Han, Li Huihui , Zhang Lejian King & Wood Mallesons’ Commercial & Regulatory group

Over two months has passed since the Cyber Security Law of the People’s Republic of China (Cyber Security Law), a fundamental law in cyber security, took effect. Such a short period of time saw numerous changes: in legislation, implementing regulations dealing with “personal information protection”, “security assessment of cross-border transfer of personal information and important data” and “protection of critical information infrastructure (CII)” are under formulation; in law enforcement, regulatory authorities are taking resolute efforts to implement the Cyber Security Law, with specialized law enforcement campaigns in various places. Meanwhile, conflicts among network operators arise among others, in relation to ownership of personal information and data owners. All circles of the society are focusing on development in regulations associated with the Cyber Security Law and in law enforcement. Continue Reading Several“Must-knows” after the Cyber Security Law Took Effect

By Scott Budd, Shannon Etwell and Philip Pan King & Wood Mallesons

The increased level of financial risk within the major project, property and construction sectors has led to a spate of recent insolvencies. In such insolvencies, we are seeing government, regulators and other stakeholders, particularly subcontractors, taking a more active and aggressive role. For these reasons, it is becoming more important for financiers, owners, principals and contractors to manage counterparty insolvency risk as a key part of their project contingency plans. Continue Reading IpsoFacto Law Reform and Managing Insolvency Risks

By Stuart Dixon-Smith and Scott Heezen   King & Wood Mallesons’ Sydney office.

A number of tax concessions are available for Australian investment vehicles that qualify as managed investment trusts (MITs) for tax purposes. These concessions are designed to encourage investment into Australia, particularly Australian real estate, by both resident and non-resident investors.

A trust must satisfy a number of requirements in order for it to qualify as a MIT and access these concessions. Continue Reading Investing in Australian real estate: Tax concessions for Managed Investment Trusts

By Chang Junfeng, Gan Yulai and Deng Zhe King & Wood Mallesons’ Dispute Resolution group.

Is insider trading still under severe crackdown? 

Insider trading had always been the closely focused subject of the China Securities Regulatory Commission (the “CSRC”) in the recent years. In 2017, it became the top priority of the CSRC. According to the Bulletin of the China Securities Regulatory Commission Regarding Cases Handled in H1 2017, in the first half of 2017, the CSRC launched a total of 302 preliminary/formal investigations, 140 of which were new insider trading cases, making up 46% of the total number of investigations. Among these new insider trading cases, the CSRC initiated preliminary investigations into 104 of them and filed formal investigations into 36. In addition, on 7 July 2017, the CSRC issued the third batch of cases under investigation, with a heavy focus placed on insider trading. Continue Reading Punishment and Conviction in Recent Insider Trading Cases

By He Fang King & Wood Mallesons’ Diapute Resolution group.

In today’s mobile internet era, social media channels such as Weibo and WeChat have become an essential tool in most enterprise companies’ marketing arsenals. However, enterprises often fail to pay enough attention to copyright issues when operating their official accounts. The 2016 White Paper on WeChat Intellectual Property Protection, released by Tencent, shows that there were more than 13,000 intellectual property complaints relating to WeChat during 2015, of which more than 40% were copyright-related[1]. Continue Reading How to Prevent Copyright Infringement on Social Media

By Andrew Clements King & Wood Mallesons’ Melbourne office.

The Assistant Treasurer has released on 25th August for public comment exposure drafts of key legislation for corporate collective investment vehicles. This continues Australia’s development as a funds management centre of the world. Continue Reading The right of separation of the shareholders due to the lack of distribution of dividends: practical issues

By Monique Carroll and Jessica Bounds King&WoodMallesons’ Melbourne office

Australia’s regulatory landscape is constantly changing and companies must stay ahead of the curve. In the anti-bribery and corruption space, a large number of legislative changes have been proposed which, if introduced, will significantly increase the level of vigilance required by companies. Continue Reading Anti-bribery and Corruption in Australia

By Mark Schaub and Molly Su King & Wood Mallesons‘ Shanghai office.

For much of its short history, Bitcoin’s turbulent growth has remained relatively unbridled by regulations or laws. The past 12 months have been no less explosive—investors in Bitcoin have enjoyed the cryptocurrency’s greatest period of growth since its inception in 2009. At its peak on the 11th of August this year, 1 BTC reached 4425.30 USD, a sevenfold increase on the same day the previous year.[1] 1 BTC has since dropped to 4,210.94 USD at the time of writing.[2]  Continue Reading Prospective Opportunities & Risks for Bitcoin in China

By Wu Ye and Luo Yi King & Wood Mallesons’ Corporate & Securities group

On 30 July 2017, a beautiful sunny Sunday in midsummer, without expectation the Ministry of Commerce (“MOFCOM”) issued two documents relating to foreign investment in China[1]. This was only two months after MOFCOM released draft measures.[2]

The inclusion in the record-filing system of foreign mergers and acquisitions  not involving special access administrative measures (negative list) and related-party M&A signals that foreign investment in China has entered an era known as the “Pre-establishment National Treatment (PENT) and negative list”. Continue Reading What Will Become of Foreign Investment in China under the new Record-filing System?