China is operating increasingly on a cashless basis, with the Chinese government posed to launch a digital currency called Digital Currency Electronic Payment (DCEP or “digital yuan”). This article provides a holistic overview and answers several key questions pertaining to the DCEP.
This article explores the basics of the National Security Laws of both China and Hong Kong, as well as court cases which relate specific situations of doing business in Hong Kong because of the newly passed laws. It also provides recommendations for how businesses intending to invest in Hong Kong should conduct themselves so that they may continue to operate in Hong Kong.
This article summarizes the new Hong Kong National Security Law, so corporations may understand it better and comply with the provisions of the legislation. It also compares the provisions of this law with equivalent legislation in the United States (US), the United Kingdom (UK), Australia, and Singapore, and also provides additional recommendations and considerations for corporate compliance.
This article provides several mitigation measures that banks and other financial institutions could take in order to minimize the impact of any conflicts between foreign legislations on Hong Kong-related sanctions that have arisen due to the rise of geo-political risks.
New laws in the People’s Republic of China – which went into effect on 1 January 2021 – have completely revamped the rules pertaining to the succession of the deceased’s assets into a more organized system. The new policies, which have replaced laws in place since 1985, provide more guidelines and structure regarding appointing estate administrators and their scope of power.
Due to opportunities available in the Chinese market, many overseas companies have been trying to tap into it. However, it is important for overseas companies– particularly for the United States (US) companies – to be aware of both the restrictions imposed by the U.S. government, as well as the government of the People’s Republic of China before attempt to run business operations in the Chinese market.
This resource takes a look at a recent amendment to the Civil Code of the People’s Republic of China, which took effect on 1 January 2021. The amendment the Civil Code, Article 1010 has introduced new policy and principles on what constitutes sexual harassment, expanding the scope of recipients to include men, in addition to introducing specific obligations and potential liability for employers in this area.
This resource describes the release and impact of the Arrangement Concerning Mutual Assistance in Court-ordered interim Measures in aid of Arbitral Proceedings by the Courts of the Mainland an of the Hong Kong Special Administration Region. The success of applications submitted under the terms and requirements of the Arrangement have made it a compelling reason for parties, irrespective of origin, to select Hong Long as the seat of arbitration if they are doing business with parties in China Mainland.
This article provides a summary of the update on the United States (US) sanctions against Community Chinese Military companies and the implications for the securities market of Hong Kong. On 12 November 2020, the US President issued Executive Order 13959 (EO13959), which has caused significant market uncertainty; EO13959 prohibits certain transaction insecurities linked to what it has described as Communist Chinese Military Companies.
This article examines how the Chinese National Intelligence Law (“NIL") applies differently to Chinese parent companies compared to companies owned by non-Chinese parent companies.