By Wang Rui and Ge Yibo King & Wood Mallesons M&A Group
China’s (Shanghai) Pilot Free Trade Zone (“FTZ”) has attracted global media attention ever since it was established in September 2013. This can largely be attributed to the new FTZ rules that relax restrictions on foreign investment in China’s markets. In particular, the value-added telecommunication services (“VATS”) sector in the FTZ opens up foreign investment in two main ways: (1) lifts bans on foreign investment in foreign invested telecom enterprises (“FITE”) in certain service areas, e.g., in information services (only applicable to application stores); and (2) opens up four new types of VATS services previously closed to foreign investment (i.e., call center services, internet access services, domestic multi-party communication services, and domestic internet VPN services). In mid-April of 2014, the government further issued detailed procedures and guidelines on the establishment of FITEs in the FTZ. This Article aims to provide an update of these new developments in the FTZ. Continue Reading China’s (Shanghai) Free Trade Zone Paves Way for Foreign Investment in China’s Value-added Telecommunication Service Market




近年来我国民用航空业高速发展,飞行员的短缺导致飞行员跳槽的现象频繁发生。由于飞行员的培养周期长且需投入大量的人力物力,为限制飞行员的跳槽,航空公司通常要求与飞行员签订服务期合同,飞行员一旦违反服务期义务将支付高额的违约金。在《劳动合同法》实施前,法院一般根据双方约定的违约金条款,以及参考民航总局等五部委的“民航人发【2005】104号、109号”文来判令飞行员向原航空公司支付比较高额的违约金。但是随着《劳动合同法》的实施,这种任意违约金制度已经被新法规定的特定违约金制度所代替。 
