Author

Vivian Wu

Browsing

Please join Baker McKenzie and ACC Minnesota at Hewing Hotel on Wednesday, May 1st to hear from the international speakers, bringing perspective from the US, EMEA, Asia and LATAM. Focusing on the evolving global geopolitical landscape, they will discuss the legal and compliance considerations that play an increasingly central role in mitigating against geopolitical risks and informing critical business decisions. Click here for additional information about this program for in-house counsel and to register

On 10 January 2021, the Ministry of Commerce of the People’s Republic of China (“MOFCOM”) promulgated the Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (the “Blocking Rules”), which came into effect the same day. The Blocking Rules were formulated in accordance with the PRC National Security Law, and aim to (amongst others) counteract the impact on Chinese companies and citizens caused by unjustified extra-territorial application of foreign legislation and other relevant measures…

On 19 September 2020, the Ministry of Commerce of the People’s Republic of China (MOFCOM) issued the Regulations on Unreliable Entity List (“UEL Regulations”), which take effect on the same date. While MOFCOM has not named any specific foreign entity to be included on the Unreliable Entity List (UEL), the UEL Regulations set out the principles for the implementation of the UEL system as summarized below. What entities will be included in the UEL? The UEL consists…