Chinas

China’s New State Secrets Law Sparks Concerns for Foreign Businesses Operating in the Country

by

BEIJING, CHINA – China has passed new rules that will broaden the scope of what can be classified as a state secret, raising concerns about transparency and potential liabilities. The updated state secrets law, set to take effect on May 1, includes a provision that extends precautions for state secrets to also cover unclassified information known as work secrets. The definition of work secrets encompasses information that could have an “adverse impact” if leaked. However, critics argue that the definition is vague and open to abuse, potentially limiting the public’s right to information. Jeremy Daum, … Read more

Landmark Decision: Hong Kong Judge Orders Liquidation of China’s Evergrande

by

HONG KONG – A judge in Hong Kong has ordered China’s Evergrande Group to liquidate its assets, as the embattled company faces mounting debt and an uncertain future. The ruling comes in response to a winding-up petition filed by a creditor of Evergrande. Evergrande, one of China’s largest property developers, has been grappling with a financial crisis that has sent shockwaves through the country’s real estate sector. The company has accumulated debts of over $300 billion, leading to concerns about its ability to repay creditors and complete ongoing construction projects. The liquidation order issued by … Read more

China’s Recent Amendments to Civil Procedure Law Signal Commitment to International Rule of Law Standards

by

London, United Kingdom – Recent amendments to China’s law on civil procedure signal a positive step towards the country’s commitment to the rule of law, particularly in matters related to foreign affairs. As of January 1, changes to the Civil Procedure Law of the People’s Republic of China have come into effect, reflecting China’s proactive approach to improving its legal system and establishing a more credible international judiciary. These amendments highlight China’s dedication to aligning with global private international law standards, marking a significant milestone in the development of a comprehensive foreign-related rule of law … Read more