On August 26, 2022, the US Public Company Accounting Oversight Board (the "PCAOB") signed a Statement of Protocol (the "SOP") with the China Securities Regulatory Commission (the "CSRC") and the Ministry of Finance of the...more
China continued to strengthen its national security regulatory regime by introducing the new Data Security Law in 2021 -
China has further strengthened its legislation on data security in view of the popularity of...more
1/13/2022
/ China ,
Cross-Border Transactions ,
Cybersecurity ,
Data Security ,
Foreign Direct Investment ,
Foreign Investment ,
Internet ,
MInistry of Commerce ,
MOFCOM ,
National Security ,
New Legislation
On December 19, 2020, China's National Development and Reform Commission ("NDRC") and the Ministry of Commerce ("MOFCOM") jointly issued the Measures for the Security Review of Foreign Investments ("New FISR Measures"), which...more
China has moved to strengthen its review of foreign direct investments in 2020 -
The PRC Foreign Investment Law (FIL) and its implementation regulations, which establishes the new foreign investment regulatory framework in...more
11/11/2020
/ China ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Foreign Acquisitions ,
Foreign Direct Investment ,
Foreign Investment ,
MOFCOM ,
National Security ,
National Security Review Proceedings ,
Popular ,
Scope of Review
The COVID-19 pandemic hit Chinese M&A hard in Q1, but the second quarter has already witnessed a remarkable recovery with a total of 434 deals announced—an increase of 56% on Q1. Value also rebounded strongly, with deals...more
Pandemic prevention supplies are in high demand during the current coronavirus disease (“COVID-19”) outbreak. China, as it gradually gets the outbreak under control, is resuming manufacture and exporting the supplies to the...more
5/28/2020
/ Buyers ,
China ,
Contract Terms ,
Coronavirus/COVID-19 ,
Customs ,
Exports ,
Force Majeure Clause ,
Imports ,
Manufacturing Facilities ,
Medical Devices ,
Medical Supplies ,
Outsourcing ,
Personal Protective Equipment ,
Purchasers ,
Trade Policy ,
Verification Requirements
In China, various ministerial level regulatory authorities have promulgated a package of financial policies to ease the financial distress of enterprises caused by the outbreak of the novel coronavirus pandemic (“COVID-19”)...more
China has developed its own national security review regime over the past years, but the review process and relevant rules and guidance continue to be subject to further clarifications.
A ministerial review panel (MRP) was...more
1/13/2020
/ China ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Defense Sector ,
Foreign Acquisitions ,
Foreign Direct Investment ,
Foreign Investment ,
International Data Transfers ,
Mergers ,
MOFCOM ,
National Security ,
National Security Review Proceedings ,
NDRC ,
Privacy Laws ,
Technology Sector
On November 1, 2019, China's Ministry of Justice ("MOJ") released a draft version of the Implementation Regulations on the Foreign Investment Law ("Draft Regulations"), aimed at facilitating the new Foreign Investment Law...more
On June 30, 2019, China's National Development & Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) jointly issued the updated negative lists for year 2019 (the 2019 Negative Lists) that set out the sectors where...more
This Alert provides an update with respect to foreign direct investment ("FDI") regimes in certain key jurisdictions since the Firm's comprehensive FDI Guide, National Security Reviews 2018, was published in November 2018....more
4/29/2019
/ Australia ,
CFIUS ,
China ,
EU ,
European Council ,
Export Control Reform Act (ECRA) ,
Federal Pilot Programs ,
FIRB ,
FIRRMA ,
Foreign Acquisitions ,
Foreign Direct Investment ,
Germany ,
Japan ,
Mergers ,
National Security Review Proceedings ,
U.S. Commerce Department ,
UK ,
United States
The National People's Congress of China adopted the new Foreign Investment Law on March 15, 2019, with a view toward unifying and streamlining the foreign investment framework into China. The Foreign Investment Laws will go...more