Mon, 12 Jul 2021 China Law in One Minute CJO Staff Contributors Team

The answer is No, except in some special circumstances.

Mon, 12 Jul 2021 China Legal Trends CJO Staff Contributors Team

Hainan Arbitration Center of the China International Economic and Trade Arbitration Commission, which was launched on 8 Sept. 2020, heard its first arbitration case on 20 May 20.

Sat, 10 Jul 2021 China Legal Trends CJO Staff Contributors Team

As of May 2021, CICC has accepted 18 international commercial cases, eight of which have been concluded.

Fri, 09 Jul 2021 China Law in One Minute CJO Staff Contributors Team

In China, there are two forms of succession, intestate succession (statutory succession) and testate succession.

Thu, 08 Jul 2021 China Law in One Minute CJO Staff Contributors Team

The answer is YES.

Thu, 08 Jul 2021 China Legal Trends CJO Staff Contributors Team

In May 2021, National Internet Finance Association of China and other two associations jointly released the “Announcement on Preventing Speculative Risks in Virtual Currency Trading” (關(guān)于防范虛擬貨幣交易炒作風(fēng)險(xiǎn)的公告), stating that virtual currency is not a legal tender, and shall not be used as a legal tender in the market.

Wed, 07 Jul 2021 China Legal Trends CJO Staff Contributors Team

In April 2021, Cyberspace Administration of China and other six authorities jointly issued the “Administrative Measures for Live-streaming Marketing (for Trial Implementation)” (網(wǎng)絡(luò)直播營(yíng)銷(xiāo)管理辦法(試行)), marking the first regulation of its kind in China.

Wed, 07 Jul 2021 China Law in One Minute CJO Staff Contributors Team

Once the succession has commenced and the estate has been distributed, the successors will receive his or her portion of the estate.

Tue, 06 Jul 2021 China Law in One Minute CJO Staff Contributors Team

If the heir dies, it means that no one inherits the estate. In this case, the estate shall be escheated to the State for public interest purposes.

Tue, 06 Jul 2021 China Legal Trends CJO Staff Contributors Team

In May 2021, Shenzhen Intermediate People’s Court accepted five personal bankruptcy applications, which are the first batch of personal bankruptcy applications since the implementation of the “Personal Bankruptcy Regulation of Shenzhen Special Economic Zone” (深圳經(jīng)濟(jì)特區(qū)個(gè)人破產(chǎn)條例).