The New Foreign Investment Law Ushers in New Regime for Foreign Investments in China

By Zheng (Jonathan) Zhou on April 11, 2019

On March 15, 2019, the National People’s Congress of China (the “NPC”) approved the Foreign Investment Law of the People’s Republic of China (the “FIL”), which is set to become effective on January 1, 2020. The FIL introduces sweeping changes to China’s current legal regime governing foreign investments and, if properly implemented, holds the promise of ushering in a new era for foreign investments in China. The FIL, when effective, will supersede three laws separately…

Cleary Cybersecurity and Privacy Watch

US China Business Council Lays Out Recommendations to Improve China’s Cybersecurity Regulations

By Rahul Mukhi & Zheng (Jonathan) Zhou on February 8, 2018

The US-China Business Council (“USCBC”) released a report on February 5, 2018. The report identifies three key areas in which the China Cybersecurity Law (the “CCL”), which came into effect in June 2017, has posed significant challenges to companies’ ability to conduct business in China, and sets forth detailed recommendations to the Chinese regulators to address such challenges. We previously discussed the CCL and the international business community’s concerns regarding the law’s expansive scope, prescriptive…

Cleary M&A and Corporate Governance Watch

Understanding the Impact of China’s Far Reaching New Cybersecurity Law

By Ling Huang, Daniel Ilan, Katherine Mooney Carroll & Zheng (Jonathan) Zhou on October 5, 2017

As the implementation of China’s first comprehensive cybersecurity law (the “CCL”) progresses, concern is mounting in the international business community regarding the law’s expansive scope, prescriptive requirements and lack of clarity on a range of critical issues. Vocalizing such concern, on September 25, 2017, the United States government asked China to halt its implementation of the CCL and highlighted potential issues with the CCL to members of the World Trade Organization. Since the CCL’s passage,…

Cleary International Trade and Sanctions Watch