Category: Legal

Resuming work for industrial enterprises in Shanghai

On Saturday, 16 April 2022, the Shanghai Commission of Economy and Informatization issued a guideline (‘Guideline’) for industrial enterprises to start the orderly resumption of work and production with controlled risks to prevent COVID-19 outbreaks. Overall, enterprises that are required to return to work shall implement robust controls to prevent the spread of COVID-19 and…

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Filling for cross-border bankruptcy in mainland China (‘China’) or Hong Kong Special Administration Region (‘HKSAR’)?

A new framework between China and HKSAR courts establishes mutual recognition of and assistance in cross-border corporate bankruptcy proceedings   On 14th May 2021, the Secretary for Justice of Hong Kong and the Vice-President of the Supreme People's Court (“SPC”) of China signed a record meeting on the mutual recognition of and assistance to bankruptcy…

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What you need to know about rent exemption for small and micro enterprises in China

The recent wave of COVID-19 in China has severely impacted many business operations. With area or city-wide lockdowns and confirmed cases rapidly increasing per day, businesses are facing cash-flow and staff shortage challenges. The State Government has released several policies to support businesses especially small and micro enterprises during this period. Namely, applicable enterprises can…

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What you should know about Anti-Money Laundering in China

The International Monetary Fund estimates the total amount of laundered money to be 2-5% of the global GDP in one year. Money laundering refers to transforming illegal money generated from criminal activity(such as drug trafficking, extortion, illegal arms sales, insider trading, fraud and so) into legitimate money. Such illegal actions are considered in most jurisdictions…

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