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Results: 1-10 of 23

Enforceability of Hong Kong arbitral awards in mainland China
  • Locke Lord LLP
  • China, Hong Kong
  • 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"


Chinese drywall Consumer Product Safety Commission finds link between corrosion and Chinese manufactured drywall
  • Locke Lord LLP
  • 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


Hong Kong: yuan liberalisation boosts insurers
  • Locke Lord LLP
  • China, Hong Kong
  • July 29 2010

On 20 July 2010, the Hong Kong Special Administrative Region and Beijing signed an historic agreement allowing Hong Kong to become the first yuan clearing centre outside mainland China


Hong Kong and Guangdong sign cooperation agreement
  • Locke Lord LLP
  • China, Hong Kong
  • 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
  • Locke Lord LLP
  • China, USA
  • 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


The People's Bank of China announce the renminbi will no longer be pegged to the US dollar
  • Locke Lord LLP
  • China
  • June 24 2010

The People's Bank of China (the POBC) announced on 19 June 2010 that the renminbi (RMB) was to exit the peg to the US dollar


Bermuda signs tax information exchange agreement with China
  • Locke Lord LLP
  • Bermuda, China
  • December 15 2010

On December 2 2010, Bermuda signed a Tax Information Exchange Agreement ("TIEA") with the People's Republic of China in an effort to strengthen the economic and political ties between the two countries


New York Insurance Department announces cooperation agreement with China
  • Locke Lord LLP
  • USA, China
  • 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 consider revising plan for a super regulator
  • Locke Lord LLP
  • China
  • May 14 2010

China is considering reviving its plan to set up a super regulator in order to make the government's oversight of the financial sector more efficient and expedient and improve the lack of integration and co-ordination between existing regulators


China Insurance Regulatory Commission in call for insurers to develop e-insurance
  • Locke Lord LLP
  • China
  • 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