China Releases Rules to Address Extra-Territorial Applications of Foreign Laws | Jones Day
In Short The Development: China's Ministry of Commerce ("MOFCOM") released Rules on Counteracting Unjustified Extra-Territorial Application of Foreign Laws and Other Measures ("Rules") on January 9, 2021. Effective immediately, the 16-article Rules are aimed at safeguarding China's national sovereignty, security, and development interests, and protecting the legitimate rights and interests of Chinese citizens, legal persons, and other organizations ("Chinese Persons"). The Significance: Following a wave of export controls, sanctions, and other trade restrictions in Western countries target...
Source: jdsupra.com