LES NOUVELLES
LES NOUVELLES
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The State Administration of Foreign Exchange issued “Provisions on Foreign Exchange Control for Cross-border Guarantees” (“the Provisions”) on June 1, 2014, provided that cross-border guarantees refers to a legally binding guarantee made in writing by the guarantor to the creditor.....
There is no official definition for ‘Chinese Government Industrial Guiding Fund’ (hereinafter as Guiding Fund). The Guiding Fund usually refers to the government makes investment in order to attract financial institutions and social capital to jointly set up a fund.....
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In recent years, cross-border services have grown rapidly, but due to the complex provisions of Chinese domestic and international tax systems, both parties to the agreement may lack professional guidance when signing the agreement and they have not fully considered the impact of taxes on the service price.....
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In view of the rapid spread of COVID-19 across the world, Ministry of Foreign Affairs and National Immigration Administration of The People's Republic of China (PRC) issued the “Announcement on the Temporary Suspension of Entry by Foreign Nationals Holding Valid Chinese Visas or Residence Permits″ ( this Entry Announcement) on March 26, 2020.
With the global outbreak of the COVID-19 getting worse, the World Health Organization officially declared the COVID-19 a global pandemic on March 11, 2020, which has been apparently causing difficulties to the International Arbitration ranging from Asia, including China, Europe to the USA.