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Limitations on foreign investments by state-owned enterprises

China - April 25 2012 As of 1 May 2012, State-owned enterprises that are owned by the Chinese central government ("Central SOEs") are no longer permitted to invest in non-core businesses outside of Mainland China....

Diederik Maessen, Geert Potjewijd, Gang Zhai.


China's advance tax ruling regime in place

China - April 25 2012 China has implemented an advance tax ruling system starting from 1 March 2012....

Diederik Maessen, Geert Potjewijd, Gang Zhai.


MOFCOM's conditional approval of Western DigitalHitachi deal

China - April 25 2012 On 2 March 2012, China's Anti-Monopoly Bureau of the Ministry of Commerce ("MOFCOM") conditionally approved Western Digital’s acquisition of Hitachi’s hard disk drive ("HDD") business....

Diederik Maessen, Geert Potjewijd, Gang Zhai.


New CIETAC arbitration rules 2012

China - April 25 2012 CIETAC, the pre-eminent arbitration commission for foreign-related arbitrations in China, has issued new arbitration rules that will become effective as of 1 May 2012 (the 2012 Rules)....

Diederik Maessen, Geert Potjewijd, Gang Zhai.


China's pilot programme for replacing business tax with VAT launched in Shanghai

China - January 19 2012 On 17 November 2011, the Ministry of Finance ("MOF") and the State Administration of Taxation ("SAT") introduced a pilot programme in Shanghai to replace Business Tax with Value-added Tax ("VAT") commencing 1 January 2012....

Diederik Maessen, Geert Potjewijd, Gang Zhai, Jiajia Gao.