Stay up to date with legal developments in China.
The Cyberspace Administration of China recently released a series of draft measures and regulations pertaining to cybersecurity and data protection in China for public comments in quick succession. The measures and regulations will impose higher standards and strengthen China’s cybersecurity and data protection regime across various sectors and fields of application. This update will examine the measures and regulations, as well as their potential implications.
With the curtain falling on the Second Session of the Thirteenth National People's Congress ("NPC") of the People's Republic of China ("PRC"), the PRC Foreign Investment Law (中华人民共和国外商投资法, "Foreign Investment Law") was, as widely anticipated previously, passed by the NPC on 15 March 2019, and will come into effect from 1 January 2020. The Foreign Investment Law symbolises a landmark change of PRC laws regulating the activities of foreign investment and foreign-invested enterprises ("FIEs") in China. Foreign investors and FIEs should understand what this new law focuses on and what issues are yet to be resolved, so that they may know what opportunities and challenges they face with this new chapter of foreign investment legislation in China.
On 4 November 2017, the 29th Standing Committee of the National People's Congress approved proposed revisions to China's Anti-Unfair Competition Law ("AUCL 2017"). This is the first revision made to the AUCL since it first became effective in 1993. The AUCL 2017 came into effect on 1 January 2018, and this Update sets out the key amendments and their implications on businesses.