Action Item: The Ministry of Industry and Information Technology of the People’s Republic of China has announced that foreign investors may now hold 100 percent of the equity shares in e-commerce companies located in the...more
Further to the early 2014 policy that relaxed the restrictions on the foreign equity ratio in value-added telecommunications business in the Shanghai Free Trade Zone (“Shanghai FTZ”), on January 15, 2015, the Ministry of...more
The PRC Ministry of Industry and Information Technology (MIIT) announced on January 13, 2015 that effective the same date, the investment ratio restriction for foreign investment in e-commerce business (falling under the...more
In This Issue:
- Understanding the EU Consumer Rights Directive: An overview of the new Directive on Consumer Rights and its implementation in Belgium, France, Italy and the UK
- Free Zones in the UAE: What do...more
Following the big change where registration was replaced by filing for establishment applications of companies excluded in the Negative List, China State Council further approves adjustment of the special access management...more
Shortly after finalizing its revised procedures for reviewing pending liquefied natural gas (“LNG”) export applications, the Department of Energy (“DOE”) issued final authorizations for two facilities to export LNG to...more
Welcome to the latest July/August 2014 issue of our Tax Newsletter.
We saw a number of legislative developments taken place in the PRC and Hong Kong in the past two months that might bring about legal and tax...more
Free trade zones are federally designated areas that are officially considered outside of the commerce and customs territory of the United States. The appeal to international companies established in free trade zones include...more
The launch of the China (Shanghai) Pilot Free Trade Zone (FTZ) last September attracted a lot of attention both inside and outside of China. Since then, the lack of progress implementing stated goals for the FTZ as a...more
Amidst high hopes in the foreign investment community for a streamlined framework regulating inbound investment to the PRC, China’s State Council launched the China (Shanghai) Pilot Free Trade Zone (the “SFTZ” or “Zone”) in...more
NEW FOR SUPPLIERS OF DIGITAL CONTENT AND INTANGIBLES: DLA PIPER’S GLOBAL VAT GUIDE -
Starting January 1, 2015, EU VAT rules for suppliers of digital content, telecommunications and broadcasting services are changing....more
The Shanghai International Arbitration Center's (SHIAC) "China (Shanghai) Pilot Free Trade Zone Arbitration Rules" (FTZ Arbitration Rules) took effect on May 1, 2014. The FTZ Arbitration Rules adopt some recent developments...more
Trademarks used to be protected in Europe, for the most part, by registering them before the trademark office of each nation of interest. However, trademark registrations obtained under the national laws have sometimes been...more
The new PRC Company Law, which took effect on March 1, 2014, overhauled long-standing registered capital requirements and streamlined the process of setting up companies in China. It simplified the requirements and process...more
After splitting from the China International Economic and Trade Arbitration Commission (the CIETAC) through the notable “CIETAC split” event in 2012, the Shanghai International Economic and Trade Arbitration Commission (the...more
Honduras, in the north-central part of Central America, has a Caribbean as well as a Pacific coastline. Generally mountainous, fertile plateaus, river valleys and narrow coastal plains mark the country. With 112,090 square...more
While the free zone continues to focus on the financial services industry, the Non-Profit Incorporated Organisation (NPIO) represents an additional tool to attract non-profit entities.
While the Dubai International...more
The Dominican Republic offers outstanding advantages to foreign and national investors. The significant incentives and facilities offered by the Dominican State complement the many inherent factors that make this Caribbean...more
On 2 December 2013, the People’s Bank of China (“PBOC”) issued its Opinions on Financially Supporting the Development of the China (Shanghai) Pilot Free Trade Zone (the “Opinions”).
The Opinions represent latest steps...more
China has further opened up its value-added telecoms sector, starting with foreign-invested companies established in the new Shanghai Free Trade Zone (“SFTZ”).
As reported in our January China Bulletin, the SFTZ offers...more
Structured trade and commodity finance (STCF) is central to international trade and is progressively becoming an important source of finance for Chinese companies, given that China is now the most significant player in the...more
For foreign investors, one of the biggest China news stories last year was the official launch on September 29 of the China (Shanghai) Pilot Free Trade Zone (the "SFTZ").
The SFTZ has been heralded as a testing ground...more
The China (Shanghai) Free Trade Pilot Zone (FTZ), approved by the State Council at the beginning of July 2013, was launched with much fanfare at the end of September. The launch and the publicity surrounding it gave rise to...more
Following issuance over the last several months of more general policy statements promising liberalized foreign investment rules applicable to the telecommunications sector within the China (Shanghai) Pilot Free Trade Zone...more
On December 2, 2013, the People’s Bank of China (“PBOC”) has issued the Opinions on the Financial Support for the Building of the China (Shanghai) Pilot Free Trade Zone....more
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