This guide highlights the fact that there is currently significant variation in pension provision throughout Europe, suggesting homogenisation, for the moment at least, remains some distance away.
This CMS e-Guide contains an overview of international arbitration practice and chapters on the law and practice of arbitration in the jurisdictions covered. It is equivalent to Volume I of the printed version of the CMS Guide to Arbitration.
This primer shows how Hong Kong has a three-tier system of banking institutions covering licensed banks, restricted licence banks and deposit-taking companies. There are separate licensing regimes, laws and regulations governing money lenders and money brokers.
The Shanghai Free Trade Zone ("FTZ") was launched on September 29, 2013, which is considered China's most significant attempt at financial reform since establishing the Shenzhen Economic Special Zone on the border with Hong Kong in 1980. Based on the current rules and regulations issued by the State Council and the Shanghai Municipal People's Government, the following brief article explains key issues and new changes applicable to the FTZ.
This document addresses the situation where personal data are initially transferred by a controller to a processor within the European Union (“EU”) and are subsequently transferred by the processor to a sub-processor located outside the EU.
The Third Amendment to the PRC Trademark Law, passed by the Standing Committee of the National People’s Congress, amends deficiencies of trademark protection under the current legal framework. This article provides an overall review of the key updates to the PRC Trademark Law.
The Company Law of the People’s Republic of China currently in force adopts a company registration system under supervision. Specific rules within the legislation cover a registered capital system requiring a minimum amount of registered capital, a certain capital contribution period and a minimum ratio of cash contribution.
This article reviews the recent amendments to the law. This reform relaxed the governmental supervision required and will see significant innovations in the company registration system, especially in the registered capital aspect.
Last year, the Information Security Technology – Guideline for Personal Information Protection Within Information Systems for Public and Commercial Services (the "Guideline") went into effect in China. The newly effective Guideline provides a detailed performance standard in a more systematic manner, even though the Guideline serves only as a voluntary national standard and is not mandatory by law. <br />
In the wake of recent investigations into business activities in China, companies and their investors have asked how to respond to a “dawn raid” by authorities in China. PRC law provides for the rights and protections listed in this article. Your ability to implement and enforce these rights will depend, naturally, upon the circumstances and the willingness of the authorities to comply, but the starting point is to know your position under applicable law.
You are an American company expanding its business into China. You have just clinched a highly coveted multi-million-dollar deal, documented in a one hundred-page contract that seems to cover every conceivable hiccup. But that lucrative deal, which took months to close, may not be as airtight as you imagine. If a dispute arises between your company and your Chinese business partner, how can you resolve it? The Chinese business may have assets in China, but again it is difficult to enforce a US judgment in China: The two superpowers do not yet have reciprocal arrangements to recognize judgments from each other’s courts. This article explains how to manage and resolve disputes in China, and, where possible, avoid them altogether.