January 2010

IPR Updates January 2010

Patent Law Enforcement Rules amended The State Council have issued amendment rules pertaining to the enforcement of the PRC’s Patent Law. The release, titled “”Decisions of the State Council on Amending the ‘Rules on Enforcing the Patent Law of the People’s Republic of China’” shall be effective as of February 1, 2010. ‘ One such …

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MICROSOFT SUED BEIJING STRONG WELL ON THE GROUND OF COPYRIGHT INFRINGEMENT

Microsoft filed the lawsuit against Beijing Strong Well at the Beijing No. 1 Intermediate People’s Court on the ground of copyright infringement. Microsoft claimed that Strong Well installed the Microsoft Windows XP and Microsoft Office 2003 on computers without their permission which Strong Well sold. Microsoft also proved that Strong Well had been continuously infringing …

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GOLD RUSH TO MONGOLIA

Tsolmon Shar Since gold prices have risen, many investors have been seeking investment opportunities elsewhere within the mining sector. China National Gold Group Corp (CNGG), the country’s second largest gold producer, was in talks to buy several gold mines overseas. The group’s target investment destinations include Mongolia, Russian, North America, Australia and Africa. CNGG prefers …

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STOCK INDEX FUTURES APPROVED IN CHINA

Tsolmon Shar China approved stock index futures, giving investors a tool to protect against losses and profit from any declines. Until now, Chinese investors could only profit from gains in equities. Chinese government also approved margin trading and short selling, the China Securities Regulatory Commission said. According to Commission’s statement it may take three months …

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CHINA SENDS RIO TRADE SECRET INFRINGEMENT AND BRIBERY CASE TO PROSECUTORS

TSOLMON SHAR Chinese police have concluded an investigation into a detained Australian Rio Tinto Ltd executive and three colleagues arrested on charges of infringing trade secrets and bribery and sent the case to prosecutors, the Australian government and Chinese state media said last Monday. Four Rio staff, including Australian citizen Stern Hu, has been in …

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Tax updates 2010

A. State Council’s “Notice on the Promotion of Stable and Sound Development of the Real Estate Market” Recently released by the State Council, the Notice on the Promotion of Stable and Sound Development of the Real Estate Market (“the Notice”) outlines that down payment mortgage ratios shall not be less than forty percent where a …

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AML Update: Salt Reforms

Sam Engutsamy, January 20 2010. Having been operational for over 2000 years, China’s monopoly on the sale and production of salt appears to be drawing to an end. The National Development and Reform Commission (“NDRC”) are looking to submit proposals to the State Council to bring a conclusion to the two thousand year old monopolistic …

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