On December 25, 2009 the Ministry of Finance and the State Administration of Taxation have issued a notice clarifying issues concerning the foreign tax credit (FTC) mechanism. According to the Notice, foreign source income, credible tax, and credit limitation with respect to each country or region must be separately calculated. In calculating taxable income, the …
On January 1, 2010 two MOFCOM regulations regarding the reporting of concentrations, and review of concentrations became effective. This posting shall give an overview of the two releases: (1) Measures for the Reporting of Concentrations of Business Operators These new Measures will have applicability to mergers of undertaking, acquisitions through shares or equities and acquisitions …
Tsolmon Shar In October 2009, the lawsuit was filed under the Chinese Court against Google by a Chinese author Mian Mian upon violation of her copyright. The author Mian Mian argued that Google scanned her latest novel entitled “Acid House” into its online library without her permission. Mian Mian, a counterculture writer known for her …
The First Lawsuit Over the Google Books Project In China Read More »
Edward Lehman of Lehman, Lee, and Xu has been named one of the best Immigration lawyers in China by the International Legal Who’s Who 2010. This award accompanies Mr. Lehman’s award from the same publication as one of China’s best Trademark lawyers and one of China’s best Franchise lawyers. Who’s Who is an independent research …
Ed Lehman Named One of China’s Top Immigration Lawyers. Read More »
On August 19, 2009, Administrative Measures on the Establishment of Partnership Enterprises by Foreign Enterprises or Individuals ( 外国企业和个人在中国境内设立合伙企业管理办法, “FIP Measures” ) was issued by the State Council, which will be effective on March 1, 2010. The key issues concerning the Measures According to the FIP Measures foreign individuals or enterprises are allowed to establish …
Actions have been implemented to bring criminal proceedings against Shanghai Panda Diary Co (“Panda”) after milk products were found to contain high levels of the chemical melamine. This recent discovery follows on from the 2008 incident where milk and infant formulas also containing melamine, affected over 300,000, led to the death of six infants, and …
China faces renewed concerns after contaminated milk product are found Read More »
Mongolia has been experiencing a boom in its mining sector, which brings new opportunities as well as major challenges to future investors. 2009 brought two significant events in Mongolian mining sector. Mongolia to Repeal Windfall Profits Tax In August 2009, the Mongolian parliament (The Great Ikh Hural) voted to abolish the windfall profits tax on …
In October 2010, the International Telecommunication Union (ITU) is scheduled to release the 4G International Standard after a further test and evaluation of the proposals for 4G Standardization. ITU recognized LTE-Advanced and 802.16m as international advanced 4G standard proposals among six 4G technology proposals, which were submitted from China, South Korea, Japan, the European Organization …
The People’s Congress of Jiangxi Province has recently issued the Patent Promotion Regulations of Jiangxi Province, which shall take effect on 1 January 2010. The Regulations authorize the People’s governments above the county level in Jiangxi province to establish diversion capital in support of patent activities such as patent implementation, protection and training. Patent development …
THE NEW PATENT PROMOTION REGULATIONS OF JIANGXI PROVINCE WAS ISSUED Read More »
