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China's Spring 2021 Compliance & Anti-Monopoly Updates - Vimarsana News

China's Spring 2021 Compliance & Anti-Monopoly Updates

中国颁布阻断立法应对外国法律不当域外实施 As the first departmental legislation of the Ministry of Commerce (MOC) in 2021, Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation and Other Measures (Blocking Rules) were published with immediate effect beginning Jan. 9, 2021. Given the trade, technology, and even diplomacy tensions between the United States and China, a series of legislations were promulgated starting in the second half of 2020. Apart from the Blocking Rules, the MOC also issued the Provisions on the List of Unreliable Entities...

China pushes back against sanctions - Vimarsana News

China pushes back against sanctions

China pushes back against sanctions Bloomberg News China continued its pushback against U.S. sanctions, issuing new rules to protect its firms from “unjustified” foreign laws and allowing Chinese courts to punish global companies for complying with foreign restrictions. The rules on “counteracting unjustified extra-territorial application” of foreign laws allow Chinese authorities to issue orders saying that companies or people in China don’t need to comply with foreign restrictions, the Ministry of Commerce said in a statement Saturday. The measures went into effect immediately, an...

China pushes back against US sanctions with new rules - Vimarsana News

China pushes back against US sanctions with new rules

The rules on “counteracting unjustified extra-territorial application” of foreign laws allow Chinese authorities to issue orders saying that companies or people in China don’t need to comply with foreign restrictions, the Ministry of Commerce said in a statement Saturday.

China issues new rules to fight Trump's sanctions - Vimarsana News

China issues new rules to fight Trump's sanctions

Text Size: A+ China continued its pushback against U.S. sanctions, issuing new rules to protect its firms from “unjustified” foreign laws and allowing Chinese courts to punish global companies for complying with foreign restrictions. The rules on “counteracting unjustified extra-territorial application” of foreign laws allow Chinese authorities to issue orders saying that companies or people in China don’t need to comply with foreign restrictions, the Ministry of Commerce said in a statement Saturday. The measures went into effect immediately, and although they don’t mention...

China's new laws take aim at global firms that comply with US sanctions - Vimarsana News

China's new laws take aim at global firms that comply with US sanctions

China says rules will protect its firms from “unjustified” foreign laws and allows Chinese courts to punish MNCs for complying with foreign restrictions.