Stay up to date with legal developments in China.
On 20 August 2021, the 13th National People's Congress of the People's Republic of China passed the Personal Information Protection Law (中华人民共和国个人信息保护法) ("PIPL"), which will take effect on 1 November 2021. The PIPL, together with the Cybersecurity Law which came into effect on 1 June 2017, and the Data Security Law which came into effect on 1 September 2021, form the core tenets of cybersecurity and data protection in China.
Compared with the second draft of the law, the enacted draft of the PIPL introduced several important new rules that will have a significant impact on how Personal Information Processors such as Internet and social media giants may handle and process Personal Information. This update will examine some of the key highlights of the PIPL.
The Data Security Law of the People's Republic of China (中华人民共和国数据安全法) ("Data Security Law"), which was passed by the Standing Committee of the National People's Congress of the People's Republic of China on 10 June 2021, has come into effect from today, 1 September 2021. The Data Security Law comprises 55 Articles spread across 7 Chapters, and deals with important issues such as Data Security and Development, Data Security Systems, Data Protection Obligations, and Security and Openness of Governmental Data. This update sets out some of the key highlights of the Data Security Law.
A keen understanding of the nature of real estate and the legal and regulatory issues related to this asset class is critical to working out the basic features of any real estate deal. The Rajah & Tann Asia’s “Guide to the Real Estate Industry in Asia” gives you a brief overview of certain key insights to the real estate industry in the ten jurisdictions across Rajah & Tann Asia’s geographical footprint, namely, Cambodia, China, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Topics covered in the Guide include the legal framework, types of real estate, ownership and tenure, taxes as well as important issues that an investor of real estate in the region should take note of.
In its second edition, we hope that this Guide will be a useful aid to investors who are navigating or looking to navigate this part of the world for their real estate investments.
A key pillar of our strength is our Rajah & Tann Asia network with offices in these ten jurisdictions, as well as dedicated desks focusing on Japan and South Asia. With the most extensive legal network in Asia, our lawyers have a tight grasp of the local culture, business practices, and language not just within their own home countries, but in the other markets in which they frequently conduct cross-border deals as well. Our depth of transactional and regulatory experience allows us to advise clients strategically and creatively, from structuring to eventual execution and implementation of the transaction.
This gives us an unparalleled edge over our competitors in presenting and pursuing solutions that are both practical and cost-effective. It provides our clients with the "home advantage" in any corporate real estate matters.