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China set to introduce further protection for AI-related innovations Xiaoming Zhang of Liu Shen & Associates takes a closer look at the Draft for Comments to the Patent Examination Guidelines and discusses its positive approach towards AI-related applications Sponsored by January 07 2021 On November 10 2020, the China National Intellectual Property Administration (CNIPA) issued a revision to the Patent Examination Guidelines (Draft for Comments). The revision may enter into force alongside the revised Patent Law and the Implementing ...

Arabian Centres to distribute $63m cash dividends for H1 RIYADH, December 30, 2020 Arabian Centres Company (ACC), a leading owner, operator and developer of contemporary lifestyle centres in Saudi Arabia, has announced that its board has recommended the distribution of cash dividends worth SR237.5 million ($63.2 million) to shareholders for the first half ended September 30, 2020.     According to ACC, the eligibility of dividend shall be for the shareholders at the close of trading on January 4, 2021, who are registered in the register of The Securities Depository Center Company at the...

General Review Special Review Within 60 working days of decision to initiate Special Review, it may take longer under special circumstances (no time limit) The Working Group may make the following decisions: Foreign investment is approved if the proposed investment does not impact national security; Foreign investment is prohibited if the proposed investment impacts national security; or Foreign investment is allowed subject to additional conditions that can eliminate the impact of the proposed investment on national security. Foreign investors will be required to accept the additional con...

Tuesday, December 29, 2020 On 19 December 2020, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) have jointly issued the Measures for the Security Review of Foreign Investment (Measures), with effect from 18 January 2021. The Measures provide clarity on Article 35 of the Foreign Investment Law and Article 40 of its Implementing Regulations which have been in force since 1 January 2020, among others. The Measures are nationwide. They consists of 23 articles, mainly specifying the following content: the agency responsible for foreign investme...

A new Mastercard study on consumer sentiment and spending has revealed the rapid growth of online shopping, with 77 percent of consumers in the Kingdom spending more money online since the onset of the pandemic. The study provides significant insights into how shoppers are rapidly moving away from cash and opting for contact-free and digital payment experiences. These insights are helping e-retailers and businesses in the Kingdom and across the region, to leverage the shift toward online shopping and to deliver fast, convenient and secure transactions. The study found that 81 percent of consu...