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China newsletter - Spring 2013
- Greenberg Traurig LLP
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- China
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- April 10 2013
To deepen government reform and improve government efficiency, the State Council of the People's Republic of China recently released the Plans for
China amends its civil procedural law
- Greenberg Traurig LLP
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- China
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- December 10 2012
The Standing Committee of the National People's Congress released the Amendments to the Civil Procedure Law of the People’s Republic of China (“Amended CPL”) on August 31, 2012, which become effective on January 1, 2013
New provisions on domestic securities investments by QFII
- Greenberg Traurig LLP
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- China
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- December 10 2012
For the purpose of further implementation of the Regulations on Domestic Securities Investments by Qualified Foreign Institutional Investors (“QFII Regulations”), the China Securities Regulatory Commission (CSRC) issued the Provisions on Certain Issues Concerning the Implementation of the Regulation on Domestic Securities Investments by Qualified Foreign Institutional Investors (“QFII Provisions”) on July 27, 2012, which took effect the same day
MOFCOM further improves the administration of commercial franchising
- Greenberg Traurig LLP
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- China
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- December 10 2012
For the purpose of further implementation of the Administrative Regulations on Commercial Franchising (Order of the State Council 2007 No. 485), the Administrative Measures for the Record Filing of Commercial Franchising (Order of the Ministry of Commerce 2011 No. 5) and the Measures for the Administration of Information Disclosure of Commercial Franchising (Order of the Ministry of Commerce 2012 No. 2), the Ministry of Commerce (MOFCOM) issued the Circular of the General Office of the Ministry of Commerce on Further Improving the Administration of Commercial Franchising (“Franchising Circular”) on August 17, 2012, which took effect on the same day
China seeks opinions on outbound investment and foreign investment approval measures
- Greenberg Traurig LLP
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- China
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- December 10 2012
On August 16, 2012, the National Development and Reform Commission issued the Measures for the Administration of Verification and Approval of the Outbound Investment Projects (Draft for Comments) (“Draft Outbound Investment Measures”) and the Measures for the Administration of Verification and Approval of Foreign Investment Projects (Draft for Comments) (“Draft Foreign Investment Measures”
New measures proposed for the protection of the environment
- Greenberg Traurig LLP
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- China
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- December 10 2012
The Amendments to the Environmental Protection Law of the People’s Republic of China (Draft for Comments) (“Draft Environmental Amendments”) were published by the Standing Committee of the National People's Congress on August 31, 2012
PRC Supreme People’s Court further interprets application of laws in trial of labor disputes
- Greenberg Traurig LLP
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- China
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- December 10 2012
The PRC Supreme People’s Court released the Fourth Interpretation on Certain Issues regarding Application of Laws in Trial of Labor Disputes (Draft for Consultation) (the “Draft Labor Interpretation”) on June 27, 2012
New regulations on the employee stock ownership plans of listed companies
- Greenberg Traurig LLP
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- China
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- December 10 2012
The China Securities Regulatory Commission issued the Circular on the Interim Administrative Measures for Employee Stock Ownership Plans of Listed Companies (Draft for Comments) (“Draft ESOP Measures”) on August 4, 2012, in order to regulate and guide the listed companies in implementing the Employee Stock Ownership Plans and other related activities
China clarifies VAT policies in transportation and modern services industries
- Greenberg Traurig LLP
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- China
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- December 10 2012
The State Administration of Taxation and the Ministry of Finance jointly released the Supplementary Circular on Several Tax Policies Relating to the Conversion of Value Added Tax to Business Tax in Transportation and Modern Services Industries (“Supplementary VAT Circular”) on June 29, 2012, which takes effect retrospectively on January 1, 2012
China expands VAT reform to eight additional provinces and cities
- Greenberg Traurig LLP
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- China
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- December 10 2012
The State Administration of Taxation and the Ministry of Finance jointly released the Circular on Launching the Pilot Program Relating to the Conversion of Value Added Tax to Business Tax in Transportation and Modern Services Industries in 8 Provinces and Cities (the “VAT Circular”) on July 31, 2012, which took effect the same day
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