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In June 2018, the National Development and Reform Commission (“NDRC”) released the Answers to Frequently Asked Questions Concerning Outbound Investment by Enterprises (“Answers to FAQs”) on its official website, providing clarification to 61 frequently asked questions regarding the application of the new Administrative Measures for Enterprise Outbound Investment (“Regulation No. 11”). …
Continue Reading China’s NDRC Issued Answers to FAQs on Outbound Investment, Clarifying the Application Scope of Sensitive Projects

July 9, 2018, Siemens and Alibaba Cloud, the cloud computing arm of Alibaba Group, signed a Memorandum of Understanding (MoU) on the deployment of MindSphere, Siemens’ cloud-based open Internet of Things (IoT) operating system, on Alibaba Cloud. …
Continue Reading KWM acts as counsel to Siemens for its collaboration with Alibaba Cloud on the deployment of industrial IoT MindSphere in China

King & Wood Mallesons International Partner Meg Utterback has been appointed as an Ambassador to its Commission on the Belt and Road Initiative by The International Court of Arbitration of ICC
金杜国际合伙人胡梅女士受聘担任国际商会国际仲裁院“一带一路”倡议委员会委员…
Continue Reading King & Wood Mallesons International Partner Meg Utterback has been appointed as an Ambassador to its Commission on the Belt and Road Initiative by The International Court of Arbitration of ICC 金杜国际合伙人胡梅女士受聘担任国际商会国际仲裁院“一带一路”倡议委员会委员

KWM arbitration team has secured a second major victory for Ukraine in as many years as an ICSID tribunal unanimously rejected all claims made by a British investor, Krederi Ltd. The value of the claims was in excess of USD 137 million. The tribunal declared the proceeding closed on 26 June 2018.
Continue Reading King & Wood Mallesons scores a major victory for Ukraine in another high stakes investor-state arbitration

On June 18, 2018, in conjunction with the passage of the National Defense Authorization Act for Fiscal Year 2019, the United States Senate passed a new bill (the Foreign Investment Risk Review Modernization Act of 2018, or “FIRRMA”) that aims to enhance the powers of the Committee on Foreign Investment in the United States (“CFIUS”). …
Continue Reading U.S. Senate Passes Bill to Enhance CFIUS’s Power

In recent years, China has experienced unprecedented economic, military and diplomatic growth. China is now regarded as the number one economic superpower by the International Monetary Fund (IMF) on the basis of gross domestic product (GDP), surpassing the United States.
Continue Reading The rise of Chinese investors as claimants: What are the likely impacts on international arbitration?

Today’s society yearns for more convenience, which naturally calls for more connectivity among devices to the Internet. Meanwhile, the need for cybersecurity has also increased.

Experts at the World IoT Security Summit 2018 – organized by TAAS Labs – commended China’s efforts in strengthening its Internet security landscape, but noted there is still huge room for improvement.
Continue Reading Law professionals say China sees development in cybersecurity

Our previous edition of Crossing Borders highlighted the Belt and Road Initiative (BRI). So important and ongoing is this People’s Republic of China (PRC) worldwide initiative, that the PRC has organised an annual Summit (Summit) in the Hong Kong Special Administrative Region (Hong Kong SAR) to report on progress and where to next. What follows is a report from the 2017 Summit (held in September) and KWM’s recommendations for making your BRI projects successful.
Continue Reading Belt and Road projects-Actions to success