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Results: 1-10 of 53

EDNY rules that party waived right to arbitrate in China

  • Edwards Wildman Palmer LLP
  • -
  • China, USA
  • -
  • June 3 2009

In a recent decision of the United States District Court for the Eastern District of New York, Apple & Eve, LLC v. Yantai North Andre Juice Co., Ltd., No. 07-CV-745 (JFB)(WDW) (E.D.N.Y. April 27, 2009), the Court found that the defendant had waived its right to arbitration, thereby rendering the arbitration clause null and void under Article II of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”

Beijing Olympics protected with record high-limit cancellation insurance policies

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • August 7 2008

With the 2008 Olympic Games set to begin in Beijing, China on Friday, August 8, the International Olympic Committee (“IOC”) has opted to purchase cancellation and abandonment insurance with policy limits of $415 million, more than double the policy limits for the last two Olympic Games combined

HSBS embarks on insurance joint venture in China

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • June 16 2009

HSBC Insurance (Asia) Limited ("HSBC Insurance"), a member of the HSBC Group, has received regulatory approval from the China Insurance Regulatory Commission ("CIRC") to form a joint venture with National Trust Limited ("National Trust") in mainland China with the aim of boosting its insurance income and expanding its wealth management businesses

Chinese drywall Environmental Protection Agency releases preliminary test results

  • Edwards Wildman Palmer LLP
  • -
  • China, USA
  • -
  • June 30 2009

The United States Environmental Protection Agency (EPA) recently conducted comparative testing on drywall manufactured in China and the United States

China Insurance Regulatory Commission issues a new regulation, Circular Concerning Risk Issues in Reinsurance Business

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • January 31 2008

On 28th November 2007 the China Insurance Regulatory Commission (CIRC) issued a new regulation, "Circular Concerning Risk Issues in Reinsurance Business" (the "Circular"

Tough times for smaller insurers in China

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • July 10 2009

Insurance companies in China are undergoing a major shake-up as smaller and weaker insurers are struggling to meet the heightened solvency requirements introduced by the China Insurance Regulatory Commission ("CIRC") in December 2008 in light of the economic crisis

Insurance regulatory update

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • April 20 2009

The China Insurance Regulatory Commission (CIRC) has recently issued a Circular aimed at expanding the scope of domestic insurers’ bond investments and enhancing their internal risk management mechanisms (the "Circular"

Insurance market performance in 2009

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • March 12 2010

According to the Statistics on China Insurance Business for 2009 recently published by the China Insurance Regulatory Commission (CIRC), total insurance premiums in China received in 2009 amounted to RMB 1.11 trillion, up 13.8 from 2008

The China Insurance Regulatory Commission proposes to lift interest rate cap

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • August 3 2010

On 11 July 2010 the China Regulatory Commission (the CIRC) stated that it proposed to remove restrictions on insurance companies in China in deciding the assumed (or guaranteed) interest rates for "conventional" (non-participating) life insurance policies in order to protect consumers' interests and encourage innovation in the sector

Draft Tentative Measures for the Administration of the Use of Insurance Funds

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • 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

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