Edward E. Lehman, Managing Director of Lehman, Lee & Xu, was invited again by CCTV to talk about Chinese legal issues on March 10, 2011, during the Fourth Session of the 11th National People’s Congress (NPC) of China, which commenced on March 3, 2011 and will end up on March 14, 2011. During the Fourth …
On February 25, 2011, the legislature of the People’s Republic of China (“PRC”), the National People’s Congress, passed a slate of 49 amendments to the Criminal Law, one of which is a provision that criminalizes paying bribes to non-PRC government officials and to officials of international public organizations (“the Amendment”). This Amendment represents the first …
CHINA AMENDS CRIMINAL LAW TO COVER FOREIGN BRIBERY Read More »
The U.S.-China Legal Cooperation Fund, an initiative of leading American companies engaged in trade and investment with the People’s Republic of China, supports transparent and equitable legal processes and institutions in China through funding of projects fostering the rule of law in China, to be carried out jointly by American and Chinese non-profit organizations or …
Invitation to Submit China Rule-of-Law Proposals Read More »
1 The people who have a Beijing Hukou is qualified to buy 2 houses in Beijing.(Out-of-town people can only buy 1 house if you have five-year tax certificate in Beijing) 2 The out-of-town people who have five-year tax certificate in Beijing are qualified to buy cars, however the people who have Beijing Hukou have no …
Part of the documents is what MOFCOM refers to as “Certificate of Incorporation” – in Singapore in fact not the certificate of incorporation but rather the business profile extract from the Registry of Companies (“Biz-File”). Said Biz-File has to be legalized by the Chinese embassy in order to produce it to SAIC for the pre-registration …
Increased Requirements for Legalization of Certificate of Incorporation by PRC Embassy Read More »
As more Chinese companies trade on U.S. stock exchanges, investors are increasingly suing them for securities fraud in U.S. courts. In theory, investors should be having an easier go of it. These Chinese entities, after all, agreed to abide by U.S. securities laws when they went public and gained access to U.S. financial markets. In …
Securities lawsuits against Chinese companies in US Read More »
Many banks in the Chinese cities of Shanghai, Beijing and Shenzhen have stopped offering discounts on mortgage loans for first-time home buyers. Chinese banks have some flexibility when it comes to setting the rates they charge based on their assessment of credit risk, and some have been offering first-time home buyers discounted mortgage rates of …
On January 27, 2011 the Supreme People’s Court of the People’s Republic of China promulgated the Interpretation of Some Issues regarding the Application of the PRC Company Law (Judicial Interpretation III), which became effective on February 16, 2011. The Judicial Interpretation III provides guidelines to people’s courts in the trial of disputes arising from company …
China’s Judicial Interpretation III on the Company Law Read More »
SORL Auto Parts Inc. (Nasdaq: SORL | PowerRating ) (“SORL” or “the Company”), a leading manufacturer and distributor of commercial vehicle brake systems as well as related auto parts in China, today announced that Mr. Xiaoping Zhang, the Company’s Chairman and Chief Executive Officer, participated in the organizational meeting in Beijing establishing the China Overseas …
China Overseas Listed Corporations Association Established in Beijing Read More »
On 1 February 2011, the Chinese competition landscape will be almost complete, with implementing rules issued in early January by the National Development and Reform Commission (NDRC) and the State Administration for Industry and Commerce (SAIC) (the Implementing Rules) set to enter into force. These Implementing Rules provide more detailed guidance regarding some of the …
NDRC and SAIC issue implementing rules for the enforcement of the anti-monopoly law Read More »
