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New York Insurance Department announces cooperation agreement with China
- Edwards Wildman Palmer LLP
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- China, USA
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- July 30 2009
On Tuesday, July 28, 2009, Acting New York State Insurance Department ("NYSID") Superintendent Kermitt Brooks announced that the NYSID entered into a Memorandum of Understanding ("MoU") with the International Department of the China Insurance Regulatory Commission ("CIRC"), China’s insurance regulator
Chinese drywall Consumer Product Safety Commission finds link between corrosion and Chinese manufactured drywall
- Edwards Wildman Palmer LLP
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- China, USA
- -
- November 24 2009
On Monday November 23, 2009, the Consumer Product Safety Commission ("CPSC") issued a press statement and study results demonstrating a "strong association" between homes with the Chinese manufactured drywall and levels of hydrogen sulfide and corrosion of metals in those homes
Enforceability of Hong Kong arbitral awards in mainland China
- Edwards Wildman Palmer LLP
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- China, Hong Kong
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- February 2 2010
The Supreme People's Court of the People's Republic of China recently issued a letter on 30 December 2009 to all Higher People's Courts in mainland China confirming that ad hoc arbitral awards made in Hong Kong and those arbitral awards made in Hong Kong by the International Court of Arbitration of the International Chamber of Commerce and other foreign arbitration institutions are enforceable in mainland China in accordance with the Arrangement concerning Mutual Enforcement of Arbitral Awards between mainland China and the Hong Kong Special Administrative Region signed in 1999 (the "Arrangement"
China regulator expands limits on bond investment by insurers
- Edwards Wildman Palmer LLP
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- China
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- June 24 2010
On 26 May 2010, the China Insurance Regulatory Commission (the CIRC) announced that it is considering liberalising current restrictions on investments by People's Republic of China insurance companies in stocks and bonds
Lloyd's China granted licence to write direct insurance
- Edwards Wildman Palmer LLP
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- China
- -
- June 18 2010
The China Insurance Regulatory Commission (the CIRC) has granted Lloyd's China a licence to write direct insurance
Hong Kong and Guangdong sign cooperation agreement
- Edwards Wildman Palmer LLP
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- China, Hong Kong
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- April 16 2010
The Governor of Guangdong Province, representing the Guangdong Provincial Government, and the Chief Executive of the Hong Kong Special Administrative Region (the SAR) signed a Framework Agreement on Hong KongGuangdong Co-operation (the Framework Agreement) at a signing ceremony in Beijing on 7 April 2010
Chinese drywall - Chinese President says that he will look into drywall responsibility
- Edwards Wildman Palmer LLP
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- China, USA
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- April 21 2010
United States Senator Bill Nelson (D-Fla.) reports that, this week, Chinese president Hu Jintao told him this week that he would investigate problems with Chinese manufactured drywall
China Insurance Regulatory Commission in call for insurers to develop e-insurance
- Edwards Wildman Palmer LLP
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- China
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- June 22 2010
Domestic insurers in China are being encouraged by the China Insurance Regulatory Commission (the CIRC) to grow new business through electronic commerce in order to optimize the structure of sales channels and foster the growth of new business
Insurance institutions may invest in corporate debentures
- Edwards Wildman Palmer LLP
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- China
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- January 12 2010
The China Insurance Regulatory Commission (CIRC), the insurance industry regulator in the People's Republic of China, issued a circular on 31 December 2009, permitting insurance institutions to invest in corporate debentures which are issued in the domestic inter-bank market provided that the corporate debentures satisfy the relevant applicable requirements and have a credit rating of AAA or a long-term credit rating equivalent to AAA assigned by domestic credit rating institutions
Draft Tentative Measures for the Administration of the Use of Insurance Funds
- Edwards Wildman Palmer LLP
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- China
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- January 13 2010
The China Insurance Regulatory Commission (CIRC) released on 25 December 2009 Draft Tentative Measures for the Administration of the Use of Insurance Funds (the "Draft Tentative Measures") for public consultation
Current Search
- Author - M Machua Millett
- Firm Name - Edwards Wildman Palmer LLP
- Jurisdiction - China