It is clear the virus will lead to economic issues. China today is a major part of global supply chains. Germany may be particularly at risk given its high level of trade with China. China was Germany’s most important trading partner in 2019, with a volume of trade slightly above 200 billion euros.
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China’s Anti-Monopoly Law Enters its Second Decade
The year 2019 marks the first complete year of enforcement for the Anti-Monopoly Bureau of State Administration for Market Regulation (“SAMR”)’s since its establishment as well as the start of the second decade of the Anti-Monopoly Law (“AML”).
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Coronavirus and Force Majeure Clause under New York Law – February 2020
Although force majeure clauses are largely considered as “boilerplate” provisions in U.S. contracts, events such as the recent outbreak of the coronavirus, and its ongoing extremely disruptive effects in China and across the globe, are bringing the concept of force majeure into sharp focus.
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2019 China Tax Review
This article reviews and highlights the new individual income tax rules and major tax rules issued in 2019, which may impact on foreign companies doing business in China.
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IP-related Overview of US-CN Phase One Trade Agreement
By Tina Tai[1], Ben Ni[2], Xinyue Song[3], Wanli Ye[4], King and Wood Mallesons
On January 15, 2020, China and the United States (“U.S.”) entered Phase One Economic and Trade Agreement (hereinafter “Phase One Agreement”). Chapter 1 of Phase One Agreement stipulates undertakings made by China in terms of Intellectual Property. This article gives some insights from Chinese practitioners about improvements articulated in Phase One Agreement.
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An IP Roadmap for Phase-One Sino-US Economic and Trade Agreement
On January 15, 2020, China and the United States signed the phase-one Economic and Trade Agreement (“Agreement”) in Washington.
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Going South: Successfully investing in S.E. Asia along the BRI
by： Yong Kaichang KWM
Introduction
China’s Belt and Road Initiative (BRI) is a monumental global development program initiated to connect China with the world to promote trade, economic integration, and growth. Since its inception by President Xi in 2013, the BRI, set out along ancient land and maritime networks, is now a US$1 trillion project spanning over 137 countries and 30 international organizations.
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China Cosmetics: Ban on Microbeads to Impact Sales & Production
China’s government does actively direct industrial policy and the recent Industrial Structure Adjustment Guidance Catalogue (2019) (“2019 Industrial Catalogue”) issued by China’s National Development and Reform Commission (CNDR) which came into force on 1 January 2020 directly affects the cosmetics industry.
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Opening-up Policies in the Banking Industry Widely Implemented
The amendments to the three core regulations relating to the administration of the FF Banks set out a great business environment for FF Banks to corporate and compete with the DF Banks and will, as a result, promote the stable development of the financial market.
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How to Do Anti-Monopoly Compliance in the Coming Year? The Shanghai Anti-Monopoly Compliance Guide for Undertakings May Come in Handy
On December 26, 2019, the Shanghai Administration for Market Regulation (“Shanghai AMR”) released the “Shanghai Anti-monopoly Compliance Guide for Undertakings” (“Compliance Guide”) and thus introduced us another guiding reference for corporate anti-monopoly compliance.
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