At the beginning of 2021, China issued another important statute on trade compliance – the Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (the “Rules”), following the promulgation and implementation of the Provisions on the Unreliable Entity List (“UEL Provisions”) and the Export Control Law and other relevant laws and regulations in the second half of last year. The Rules have attracted wide public attention and media coverage since its introduction. China has not yet issued any prohibition order on the application of any specific extra-territorial laws in accordance with the Rules, and the enforcement requirements of the relevant provisions thereof are still up in the air. However, a number of enterprises have already encountered various problems in practice. In this article, we will continue to discuss the following key issues upon the implementation of the Rules by referring to similar rules and relevant cases in other countries.
Continue Reading International Comparative Study on Several Issues of the Blocking Rules