China

Artículos Recientes

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  19.09.2023

  International

  Trading of crypto-assets in detail

  The Markets in Crypto-Assets Regulation (MiCAR) sets down a harmonised regulatory framework for service providers known as crypto-asset service providers (CASPs), which carry out activities with crypto-assets that fall within the regulation's scope. The following article describes the MiCAR requirements applicable to persons providing services related to crypto-asset trading.DefinitionMiCAR introduces enhanced legal requirements that will apply to service providers carrying out professional activities related to trading crypto-assets. The crypto-assets trading activities that MiCAR identifies as...

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  15.09.2023

  China

  New Rules for Standard Clauses in Consumer Contracts: China’s Contract Administration Regulations Have Taken Effect

  China’s State Administration for Market Regulation (the “SAMR”) recently released updated Measures for Administrative Supervision and Administration of Contracts (the “New Measures”), taking effect on 1 July 2023. They replaced the previous Measures on Supervision of and Dealing with Contract-related Violations (Revised in 2020) (the “Old Measures”).The New Measures apply to standard clauses in contracts between consumers and businesses. The competent Administration for Market Regulation (the “AMR”) oversees contract administration per these...

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  13.09.2023

  China

  Has your Employee Handbook been updated?

  In China, the Employee Handbook is the basic company policy for HR management. It not only sets forth guidelines on the employees’ behaviors in workplace but also provides for daily management rules of employees such as work attendance, leave, labor disciplines, etc. The content of an Employee Handbook shall comply with statutory law. In the past few years, there were several changes of PRC law concerning employee management. Accordingly, companies shall update their Employment Handbook to ensure their compliance with the new legal requirements in daily employee management practice. We summarize...

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  12.09.2023

  China

  Amendment of PRC Civil Procedure Law

  On 1 September 2023, the Standing Committee of the National People’s Congress of the People’s Republic of China (“PRC”) released its decision to amend, for the fifth time, the PRC Civil Procedure Law (“Old CPL”). The amended PRC Civil Procedure Law (“New CPL”) will take effect on 1 January 2024. According to the introduction to the New CPL by the Legal Affairs Commission (Civil Law Office) of the Standing Committee of the National People's Congress (“NPC”), the amendment of the Old CPL focuses on revising and improving the content of Chapter...

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  11.09.2023

  International

  CMS Annual Review of English Construction Law Developments: An International Perspective

  We are pleased to announce the publication of the 2023 edition of our internationally focused Annual Review of English Construction Law Developments. Now in its thirteenth year, the Annual Review summarises key developments in English construction law over the previous calendar year including developments in related common law jurisdictions. The publication has been prepared with our international clients in mind and aims to provide a greater degree of background and analysis than our regular Law-Now alert service.This year’s edition contains a strong focus on the FIDIC form, with new amendments,...

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  06.09.2023

  China

  Chinese Tax Regulation Update | August 2023

  The State Administration of Taxation (“SAT”), together with other governmental authorities at central level, has promulgated a series of regulations that extend the validity period of various preferential tax policies for the following years till 31 December 2027 in August. We have picked below certain renewed policies that may be relevant to the companies’ routine business. Digest of renewal of preferential Individual Income Tax (“IIT”) policies regarding certain benefits granted to foreigners (i.e., Announcement 29 jointly released by the Ministry of Finance (“MOF”)...

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