Multinational enterprises adeptly allocate insurance resources on a global scale. However, China’s laws and regulations impose restrictions on overseas insurance arrangements, requiring policyholders to navigate regulatory compliance challenges, particularly in insurance and foreign exchange regulation, when selecting coverage for their
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Reinsurance Disputes in the Insurance Arrangements of Multinationals: Practice and Challenges of the CMP Program
In recent years, the AnJie Broad insurance team has handled several arbitration cases in the United States, the United Kingdom, and other jurisdictions involving reinsurance contract disputes, all of which concerned situations where Chinese companies, acting as reinsurers, assumed risks
Enhancing Data Security in Banking and Insurance: An Analysis of Recent Regulatory Developments
Introduction
In the digital age, data is a vital asset, and its security is of the utmost importance, particularly within the financial services industry which is relied on by all levels of society.
The National Financial Regulatory Administration (“NFRA”) has
AI Ethics: Overview (China)
A Note providing an overview of the legal framework governing AI ethics in China. The Note examines the role of governmental and non-governmental organisations, addresses key ethical issues such as privacy, transparency, bias, and accountability, and discusses China’s participation in
A Comprehensive Guide to Voluntary Deregistration of a Company in China
Voluntary deregistration of a company in China is a rigorous process that involves multiple steps and requires adherence to detailed legal provisions. Beyond the statutes, understanding practical implementation nuances is crucial for navigating the procedure effectively. This guide provides a
Highlights of China’s First Horizontal Merger Review Guidelines
On 10 December 2024, the State Administration for Market Regulation (“SAMR”) released the Guidelines for Review of Horizontal Concentration of Undertakings (“Guidelines”). It is the first time that China publishes guidelines to display the detailed analytical framework, review approach and
Analysis of Rules for Disputes over Removal of Directors, Supervisors, Senior Management, and Legal Representatives
—— Judicial Practice and Evaluation of the Impact of the “Implementing Measures for the Administration of Company Registration” on Removal Registration Disputes
In order to implement the new requirements for company registration stipulated in the newly revised “Company Law” and
Facing AI, Employing a Safe Approach
— A Brief Analysis on the AI Safety Governance Framework
1. Background and Structure of AI Framework
On September 9, 2024, the National Technical Committee 260 on Cybersecurity of Standardization Administration of China (“TC260”) has promulgated the AI[1] Safety
Trends and Developments Module of China Chapter for the Chambers and Partners Sanctions 2024 Global Practice Guide
The Impact of Recent US Financial Institution Sanctions on Chinese Financial Institutions and Suggestions for Response
The impact of US Presidential Executive Order No 14114 on Chinese financial institutions
On 22 December 2023, the President of the United States signed
Law and Practice Module of China Chapter for the Chambers and Partners Sanctions 2024 Global Practice Guide
1. Trends and Overview
1.1 Sanctions Market
In the past 12 months, the sanctions sector has undergone significant changes and growth, with a notable increase in US sanctions imposed on Chinese companies. This surge reflects the escalating geopolitical tensions between