China has been at the forefront of a number of recent developments in the dispute resolution space. One notable development is the announcement by the China International Economic and Trade Arbitration Commission (CIETAC) of its new rules governing the arbitration of international investment disputes (Rules) and the CIETAC Investment Dispute Resolution Centre in Beijing (CIETAC IDRC), the default centre to administer those Rules. According to CIETAC’s Secretary-General, the Rules seek to “fill the gap” in the area of Chinese international investment arbitration and develop and promote the international investment arbitration practice in China. Continue Reading CIETAC Investment Arbitration Rules
近年来，中国推出了一系列针对投资争端解决领域的改革方案。中国国际贸易仲裁委员会（“贸仲委”）近期出台的《中国国际贸易仲裁委员会——国际投资争端仲裁规则》（“《投资仲裁规则》”）以及在北京设立的规则默认仲裁中心——贸仲委投资争端解决中心便是最新亮点。贸仲委秘书长王承杰指出，该规则填补了中国商业投资仲裁规则领域的空白，以求发展和推动中国国际投资仲裁的实践。 Continue Reading 中国贸仲委出台《投资仲裁规则》——为中国投资条约争端领域填补空白
The growing number of token sales or “Initial Coin Offerings” (ICOs) has prompted the German Federal Financial Supervisory Authority (BaFin) to issue a “consumer warning” on November 9, 2017. BaFin also elaborated on its position in the November edition of its monthly “BaFin-Journal”, published on November 15. In a separate, but almost contemporaneous publication, the European Securities and Markets Authority (ESMA) also took a stance.
Overall, these were balanced statements that signalled a strong “buyer beware” message, but also implied a certain level of tolerance for properly issued ICOs. The regulators made clear that their approach is a careful case-by-case analysis. Continue Reading German BaFin and ESMA clarify their stance on ICOs
国家外汇管理局（“外汇局”）近期发布了《关于完善银行内保外贷外汇管理的通知》（以下简称“《通知》”），就银行内保外贷业务的外汇监管以正式发文的形式重申了跨境担保系列法规的外汇监管要求（跨境担保系列法规主要包括《跨境担保外汇管理规定》(以下简称“《29号文》”)、《跨境担保外汇管理操作指引》(以下简称“《29号文指引》”)、《关于进一步推进外汇管理改革完善真实合规性审核的通知》(以下简称“《3号文》”)以及《3号文政策问答（第二期）》(以下简称“《3号文政策问答二期》” )），对于当前跨境融资市场仍然广泛采用的内保外贷交易结构将产生重大的影响。 Continue Reading 全面规范！银行内保外贷外汇管理新规解读
预计至2040年，可再生能源在全球范围内创造的投资额将达7.5万亿美元以上（数据来源: 彭博社）。特别是考虑到该行业不断变化的监管环境，该领域的争议案件数量也将随之上升。此外，传统能源和资源行业将会出现更多国际争议。 Continue Reading 最新一期《跨境》发布：聚焦可再生能源、资源和环境争议
By King & Wood Malleson
On December 7 2017, the international authoritative rating agency of law Chambers Asia Pacific Guide 2018 announced that King & Wood Mallesons (KWM) was ranked as a Leading Firm in 28 practice areas, and 53 KWM partners were recognized as leading individuals in their respective areas of practice, whose remarkable overall performance topping in the China’s legal market ranking. Of the 28 categories assessed, KWM was ranked as a Band 1 firm in 19 practice areas, striking itself a new record in Chambers Asia-Pacific ranking, which showcases KWM’s position as a long-term leader in China’s competitive legal services industry. KWM’s 53 named Leading Lawyers, as best of the best in China’s legal market ranging across all the generations and practice areas, pioneer their peers with innovation and industrial influence. Continue Reading 2018 Chambers Asia Pacific Guide: With 28 top bands of practice and 49 leading lawyers been ranked, King & Wood Mallesons Scores itself a leading law firm for another year in China Market