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Hong Kong and Mainland China are common destinations for embezzled funds In today’s global marketplace, disputes are growing in number and complexity. Businesses are facing intense competition and must manage the risks and challenges in doing business locally and internationally. Higher accountability standards and tighter regulatory scrutiny increase exposure and…

Effective from 1 January 2021, the Shanghai Anti-Unfair Competition Regulations (“Regulations”) require all business operators in Shanghai to strengthen their internal controls and compliance management. 

Our alert discusses the implications of this significant development, which is the first time that the concept of a compliance program has been introduced into Chinese laws and regulations. 

Our multidisciplinary practitioners discuss the importance of the need for consumer goods and retail (CG&R) businesses to be aware of their “extended enterprise” – the complex network of third parties they depend on to develop, market and sell their products and services.

Our Hong Kong and China employment teams covered important changes and trends in employment law over the past year. Hong Kong Topics under the employment legislative update include maternity leave, updates to anti-discrimination legislation, statutory holidays, MPF setoff and immigration updates. The team also shared some case studies and discussed…

In this recording of our introductory workshop, Baker McKenzie FinTech Legal Accelerator: Cracking the Legal Code, held as part of the Hong Kong FinTech Week 2020, our lawyers across Asia Pacific give an overview of key fintech issues that start-ups or scale-ups need to know as they grow and expand…

On 10 November 2020, China’s State Administration for Market Regulation (SAMR) published draft Anti-Monopoly Compliance Guidelines for the Platform Economy (“Draft Guidelines”) for public consultation.1

The Draft Guidelines clearly signal that stronger antitrust enforcement in China’s tech sector is likely. This appears to be driven by a desire on the part of the Chinese government to rein in the growing strength of internet platforms, and to encourage a more diverse market structure.  

The Draft Guidelines are expected to be finalized by the end of this year or early next year.

China’s releases Antitrust Guidelines on the automotive sector and IP rights
China issued Antitrust Guidelines in the Intellectual Property Rights Area
Integrated circuit and software industries set as enforcement priorities
Integrated circuit and software industries set as priorities of China’s antitrust enforcement

New Auto Guidelines represent the first attempt to provide guidance on regulating non-price vertical restraints in China. The IPR Guidelines put forward market share-based safe harbors for the IPR field. The newly released leniency and commitment guidelines provide procedural options for an investigation to end with no or less penalties. China’s State Council calls for strengthened antitrust enforcement to protect fair competition in the integrated circuit and software industries.

China played a key role in supporting Latin America to recover after the 2008-2009 global financial crisis. Will that be the case again after the coronavirus (COVID-19) crisis? Many say China will be far from irrelevant in this process, and many analysts expect a fast recovery for the Asian country.…