Chine

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eAlerts Récentes

  •  
    12/04/2024
    International

    Oil & Gas: English court restrains foreign JOA proceedings in breach of arbitration provision

    In The Shell Petroleum Development Company of Nigeria Limited v Sunlink Energies and Resources Limited [2023] EWHC 3135 (Comm), the English Commercial Court demonstrated its willingness to ensure that a joint operating agreement’s arbitration provisions were preserved, and backed by real action by the court for a party seeking to circumvent them.BackgroundThe claimant, Shell Petroleum Development Company of Nigeria Limited (“SPDC”), and the defendant, Sunlink Energies and Resources Limited (“Sunlink”), were parties to a 2005 Joint Operating Agreement (the “JOA”)...
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  •  
    11/04/2024
    Chine

    China expands foreign investment in value-added te­le­com­mu­ni­ca­tions services through pilot programme

    On 8 April, the Ministry of Industry and Information Technology (MIIT) issued the Circular on Launching the Pilot Programme for Expanding the Opening-up of Value-Added Telecommunications Services.Prior to this announcement, China had long regulated foreign investment in the telecommunications sector with varying degrees of restrictions across different services. In the value-added telecommunications services (VATS) sector, certain areas such as e-commerce, domestic multi-party communications, store-and-forward services and call centres have seen a relaxation of foreign investment restrictions,...
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  •  
    09/04/2024
    International

    CMS European M&A Study 2024: Optimism for M&A amid evolving market trends

    The CMS Corporate/M&A Group is pleased to launch the 16th edition of the European M&A Study.It's been a wild ride for mergers and acquisitions (M&A) around the world this year. Yet, despite the turbulence, we are seeing plenty of reasons to be hopeful about M&A activities in Europe for 2024. The resilience shown amidst economic and geopolitical ups and downs is truly inspiring. Our Study dives into an impressive 559 M&A deals that CMS advised in 2023 and reports on deal trends and current market standards on risk allocation.You can download the study here.Key findings:Sustained...
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  •  
    08/04/2024
    Chine

    New Implementing Regulation on the Law on the Protection of Consumer Rights and Interests

    On 19 March 2024, the State Council of the People’s Republic of China issued the Implementing Regulation on the Law of the People's Republic of China on the Protection of Consumer Rights and Interests (“Regulation”). It will take effect on 1 July 2024. The aim is to better adapt the consumer protection laws to the fast-changing business environment and to respond to the concerns in the implementation of the Law on the PRC on the Protection of Consumer Rights and Interests revised in 2013.The aspects covered include product liability, unfair trade practices, contractual issues...
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  •  
    28/03/2024
    Chine

    Navigating China’s New Data Export Regulations: Companies’ Permissible Omissions and Essential Actions

    On 22 March 2024, the Cyberspace Administration of China (“CAC”) promulgated the Provisions on Regulating and Facilitating Cross-border Data Flow (“Provisions”). The Provisions have come into effect immediately as of 22 March 2024.It is a positive signal sent out by the Chinese government for smoothing and facilitating outbound data flow. According to the Provisions, some companies may be exempted from the obligation to pass security assessment, file the standard contract recordal or obtain personal information protection certification. However, this conclusion cannot be...
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  •  
    26/03/2024
    Chine

    China relaxes Cross-Border Data Transfer Rules with New Provisions

    On 22 March 2024, the Cyberspace Administration of China (the “CAC”) issued the Provisions on Regulating and Promoting Cross-border Data Transfers (the “Promoting Cross-Border Data Transfer Provisions” or “Promoting CBDT Provisions”), signalling a relaxation of China’s administration of cross-border data transfers. The Promoting CBDT Provisions relax cross-border data transfers in several aspects, including providing clear guidance for determining what constitutes “important data”, providing exemption of channel option requirements for certain...
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