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After the promulgation of the State Council’s Decision on Amending the Regulations of the People’s Republic of China (“PRC”) on the Administration of Foreign Funded Banks (Consultation Paper) (the “Administrative Regulations Consultation Paper”) in late October 2018, the China Banking and Insurance Regulatory Commission (“CBIRC”) released the Decision on Amending the Implementation Rules of the Regulations of the PRC on the Administration of Foreign Funded Banks (Consultation Paper) (the “Implementation Rules Consultation Paper”, together with the Administrative Regulations Consultation Paper, the “Consultation Papers”) on 28 November 2018 to solicit public opinions.
Continue Reading China is Taking Solid Steps to Open its Banking Sector

On April 24, 2017, Beijing Higher People’s Court and Beijing Labor and Personnel Dispute Arbitration Commission jointly issued the Answer on the Legal Application of Labor Dispute Cases. More than one year has passed since the Answer was issued, by reviewing recent judgments made by arbitration commissions and courts on dismissals during the probation period, further analysis is made regarding new changes as below.
Continue Reading New Trends in the Judiciary: How to Dismiss Employees during the Probation Period?

Against the backdrop of the Belt & Road Initiative and more Chinese state-owned enterprises (“SOEs”) going outbound, if you are a prudent stakeholder, you are possibly concerned about whether you have a probable path to judicial resolution of recovery from an SOE in case there is any dispute. It can be confusing whether SOEs qualify for state immunity. …
Continue Reading Do state-owned enterprises enjoy sovereign immunity?

We share our industry experts’ knowledge and insight into a number of sectors, including Food and Agribusiness, Energy and Resources, and Blockchain and DLT. We hope that we can add value to your business in Australia and would be delighted to discuss opportunities with you further.
Continue Reading Doing Business in AU丨Carrying on Business in Australia

In the near future, the European Union may adopt a regime for foreign investments into the EU and such future EU rules may well reach beyond last year’s proposal from the European Commission regarding the establishment of a framework for screening foreign investments in the European Union.
Continue Reading Changing Legal Environment for Foreign Investments into Germany