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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)....

Rachel Li, Diederik Maessen, Geert Potjewijd.

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....

Rachel Li, Diederik Maessen, Geert Potjewijd.

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....

Rachel Li, Diederik Maessen, Geert Potjewijd.

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....

Rachel Li, Diederik Maessen, Geert Potjewijd.

China's 2011 foreign investment industrial guidance catalogue

China - January 19 2012 In order to bring foreign investments into close alignment with China's policy goals, the Foreign Investment Industrial Guidance Catalogue ("Catalogue"), jointly issued by China's National Development and Reform Commission ("NDRC") and Ministry of Commerce ("MOFCOM"), was most recently amended on 24 December 2011....

Rachel Li, Diederik Maessen, Geert Potjewijd, Jiajia Gao.