杨凯章 Securities Group King & Wood Mallesons 

Introduction

Recent events such as the US-China trade war and the COVID-19 pandemic have severely impacted the global economy, with Singapore being particularly affected given its open and trade-reliant economy. This is driving Singapore to look for new and innovative ways to attract increased and diversified foreign investment, part of which would entail easing up on work visa and immigration policies for foreign talents. At the same time, a weakened job market due to the economic downturn, coupled with intensifying political contest reflected in the latest general election results, has led to the government’s increased focus on protecting the local labor force.
Continue Reading Relocating to Singapore: Latest Developments & Visa Policies

On November 16, 2020, the Supreme People’s Court (“SPC”) released Several Provisions of Supreme People’s Court on Evidence in Intellectual Property Civil Litigation (“Provisions”). The Provision consists of 33 Articles and has gone into effect on November 18, 2020. On the whole, the Provision is a summary of intellectual property judicial practice, perfecting regulations in relation to evidence submission and obstruction, evidence preservation and forensic appraisal, evidence cross-examination and recognition, damage compensation, etc., so as to appropriately reduce the burden of proof by right holders and effectively resolve problems of “difficulty in adducing evidence” and “high enforcement cost” encountered by intellectual property rights holders in civil litigations. Thus, it is of positive significance to strengthen judicial protection for intellectual property rights. The main contents of the Provision are analyzed as follows.
Continue Reading Overview of SPC’s Provisions on Evidence in IP Civil Litigation

Data security and compliance is the primary concern for enterprises in the era of digital economy. Failure to ensure data security and the compliance of data processing will leave enterprises exposed to data breach, data loss and other security incidents. Without data asset design, data development and utilization would be out of the question.

As

On 1 June 2020, the CPC Central Committee issued the Master Plan for the Development of Hainan Free Trade Port, a concrete master plan for developing a free trade port in the largest special economic zone in China. In order to build Hainan into a globally competitive high-level free trade port, the master plan has proposed a series of institutional arrangements for liberalization and facilitation of trade, investment, cross-border capital flow, easy entry and exit of people, transportation, and secure and orderly data flow, etc. It can be said that collective institutional innovation is the most distinctive feature of these institutional arrangements for the Hainan Free Trade Port (Hainan FTP).
Continue Reading King & Wood Mallesons releases KWM INSIGHTS: Insights on Compliance Issues in the Hainan Free Trade Port

China and the Republic of Korea (Korea) enjoy a long history of cultural exchange, dating back to the Sui and Tang dynasties in China, or even earlier. In modern history, since the establishment of diplomatic relations between China and Korea on 24 August 1992, the relationship between the two countries has grown continuously, with frequent visits between top leaders. They have seen a growing economic and trade relationship between each other and a rapid progress in cultural exchanges. In recent years, the “Korean Wave” has found its unique place in the global cultural and entertainment industry, becoming a force to be reckoned with. It also has a great influence on the Chinese entertainment industry as the two countries deepen their cultural exchanges. This article discusses the PRC legal issues involved from three aspects of “bringing in”, “going global” and “joint cooperation”, based on our previous experience in cultural and entertainment projects. Hopefully it will bring you some inspirations.
Continue Reading Sino-Korea Cooperation in Culture and Entertainment

Kim Bohyoung,Park Yearang Corporate & Commercial Group King & Wood Mallesons

Foreign investors generally make their first investment in Korea* through establishing a local entity or acquiring the ownership, control, or business management right of existing enterprises. This article is intended to provide guidelines for foreign investors who are going to establish a local entity by analyzing which type of entity to establish, and the differences, advantages and disadvantages of these entities.
Continue Reading Investing in Republic of Korea: Establishing a Local Entity

Due to the global adjustment of business strategy and a growing  trend towards interest in community, a number of foreign investors no longer take China as their production base. Those having established labour-intensive industries in China are gradually reducing existing business and are shifting to capital-intensive and technology-intensive industries. As a result, some foreign-invested enterprises (FIEs) have acted quickly to exit the Chinese market.  
Continue Reading Equity Transfer in Withdrawal of Foreign Invested Enterprises

Barri Mendelsohn London Office King & Wood Mallesons 

Foreign investors seeking acquisition or business expansion opportunities in the UK must, with effect from 11 November 2020, be mindful of new government measures to review such transactions in certain circumstances. The legislative position on FDI in the UK has now been overhauled following the Governments’ publishing of the National Security and Investment Bill 2020 (the “Bill”) for a second reading in Parliament.
Continue Reading Cross border M&A comment | New UK government review powers over foreign direct investment

On 10 November, the Anti-Monopoly Bureau of the State Administration for Market Regulation (“SAMR”) issued the Antitrust Guidelines for the Platform Economic Industry (draft for comments) (“Platform Guidelines”). [1] The release of these important guidelines at the time of 11 November[2] signals that SAMR will continue to strengthen its antitrust enforcement in the Internet platform sector.
Continue Reading 10 Highlights of the Antitrust Guidelines for Platform Economy

Whether directly or indirectly involved with human genetic resources sourced from China, foreign organizations and individuals (or institutions formed or controlled by them) (together “Foreign Parties”) should be aware of the Regulation of the People’s Republic of China on the Administration of Human Genetic Resources (中华人民共和国人类遗传资源管理条例) (the “Regulations”).
Continue Reading Human Genetic Resources