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China's Ministry of Commerce issued the "Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures" on Saturday, and said the order would take effect immediately.
Read more about Foreign sanctions: China prohibits firms from complying with int'l laws on Business Standard. China on Saturday issued a new order prohibiting firms from complying with foreign laws that ban transactions with Chinese companies and individuals, effective immediately
China hits back at foreign sanctions, prohibits firms from complying with international laws Updated Jan 10, 2021 | 07:53 IST Analysts said that the new measures would squeeze multinational companies between duelling compliance regimes, with firms wondering whether they should choose sides. Representational image | Photo Credit: PTI Beijing, China: China on Saturday issued a new order prohibiting firms from complying with foreign laws that ban transactions with Chinese companies and individuals, effective immediately. The so-called Rules on Counteracting ...
China hits back at foreign sanctions, prohibits firms from complying with int'l laws ANI | Updated: Jan 10, 2021 06:21 IST Beijing [China], January 10 (ANI): China on Saturday issued a new order prohibiting firms from complying with foreign laws that ban transactions with Chinese companies and individuals, effective immediately. The so-called Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation and Other Measures apply to circumstances that 'improperly prohibit or restrict' Chinese individuals, companies, and institutions...