Thu, 23 Dec 2021 China Legal Trends CJO Staff Contributors Team
In November 2021, the People’s Bank of China issued the proposed “Notice Regarding Matters Concerning the Support for the Development of New Offshore International Trader (Draft for Public Comment)” (關(guān)于支持新型離岸國際貿(mào)易發(fā)展有關(guān)問題的通知(征求意見稿)), which shows the positive attitude towards the new offshore international trade.
Wed, 22 Dec 2021 China Legal Trends CJO Staff Contributors Team
In November 2021, the State Administration for Market Regulation issued the “Guidelines for Enterprises on Overseas Anti-Monopoly Compliance” (企業(yè)境外反壟斷合規(guī)指引), providing guidelines for Chinese enterprises to cooperate with anti-monopoly investigation overseas, respond to overseas anti-monopoly lawsuits, and reduce overseas anti-monopoly compliance risks.
Tue, 21 Dec 2021 China Legal Trends CJO Staff Contributors Team
After a series of evolution, China’s National Anti-Monopoly Bureau was officially established on 18 Nov. 2021.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
We will use a fictional succession-related story to illustrate how inheritance works in China.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
No, China has no inheritance tax.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
During the lifetime, one can specify in the will who inherits his/her house and other heritage. If the person has no will, the decedent’s children, spouse, parents, siblings, paternal grandparents, and maternal grandparents may inherit his/her estate.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
When your Chinese suppliers or distributors defraud or default, where will you file the lawsuit? China or somewhere else (eg. the place of your domicile), provided that both have jurisdiction over your case? To answer these questions, we need to compare the litigation in China with that in other countries.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
If you are required to pay a deposit or make a prepayment before you can get the goods delivered by a Chinese supplier, then you’d better do due diligence on the Chinese supplier beforehand.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
You can search the information of the enterprise in China’s National Enterprise Credit Information Publicity System.
Mon, 20 Dec 2021 China Law in One Minute Meng Yu 余萌
If you are required to pay a deposit or make a prepayment before you can get the goods delivered by Chinese suppliers, then you need to beware of moral hazard. The best way is to find a trustworthy company and sign a good contract.