Tag: corporate liability

CHINA | Navigating Customs Voluntary Disclosure Reforms

China Customs has been actively developing a customs voluntary disclosure system suited to its environment since the launch of the pilot project on enterprise self-regulation management in 2014. The primary goal of this system is to implement the management concept of "promoting integrity, and punishing dishonesty" at the legislation level for enterprises, aiming to encourage…

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CHINA | Determining a Concentration of Undertakings

M&A transactions involving a concentration of undertakings can be deemed as a monopoly. The Provision on the Review of Concentrations of Undertakings clarifies several definitions and sets a standarised legal basis. Effective from 15 April 2023, the State Administration of Market Regulation issued four Provisions supplementing the Anti-Trust Law of the People’s Republic of China…

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