When concluding an insurance contract, the insurance applicant has a duty of disclosure. The applicant is not obliged to disclose information unless the insurer enquires.
The insurer’s remedy for breach of this duty varies. The insurer can either:
Let’s talk tech and Chinese money.
Since antiquity, China had led the world with its adoption of cutting-edge currency
Today, there is an immense amount of interest surrounding China’s new digital yuan (“DCEP” – Digital Currency Electronic Payment).
However, China’s history of currency innovation goes back to ancient times. Unlike Roman coins, ancient
Author:Hannibal El-Mohtar Agnes Wang
(Attribution: Ravi Kant)
I. How can Hong Kong and foreign insurers currently sell insurance to MainlandChina?
Despite the COVID-19 pandemic, many Mainland residents find foreign insurance policies more attractive than those found in the mainland and continue to cross borders to get their hands on them.
Take Hong Kong for
Author:
Hannibal El-Mohtar
(Photo attribution: Karolina Grabowska)
Despite the tortuous path ahead for the US 2020 election campaigns, and the trials and tribulations of this year, the US-China Phase 1 Trade Deal (the “P1 Deal”) remains in place.[1]
Although commitments under the P1 Deal are only between China and the
Authors: Wan Jia, Liu Sichen
I. The Background Information of the Raised Question
The rapid spread of the COVID-19 pandemic has left a huge impact on business operations worldwide. For many companies, a business interruption (“BI”) that could result from this impact is a hazard which features among their greatest operational risks this
Authors : Wan Jia, Hannibal El-Mohtar
I. Is China’s insurance market worth investing in?
It is no secret that China’s insurance industry presents good upside growth opportunities. According to the 2018 Report on Global Insurance and Market Research released by Allianz Group, “Nearly 80% of the total 60 Billion Euros increase in global premiums came
Authors: Zhan Hao、Wan Jia
In the beginning of 2020, Luckin Coffee event brought the attention from the insurance, legal and security industries to the directors and officers liability insurance policy (“D&O”) in China. In this event, Luckin Coffee, which is listed in the US and called Chinese Starbucks, found trapped in the security fraud
ZHOU Yanghui,Yu Dan,Chen Jun
The Opening-up of the PRC insurance market has been accelerated during the recent two years.
Since the release of the Notice of the State Council on Several Measures for Opening Wider to the Outside World and Making Active Use of Foreign Investment on January 1st, 2017, the China Banking and Insurance
Zhan Hao, Song Ying, Stephanie Wu, Lv Hongjie
China’s competition watchdog SAMR made a penalty decision, adopted by its Shanghai branch Shanghai Market Regulation Bureau (“SMRB”), publicized on its official website[1] on April 29, 2019, right before the International Labor Day holiday. This decision is addressed to Eastman (China) Investment Management Co., Ltd. (“Eastman
Authored by Zhan Hao (zhanhao@anjielaw.com) and Sharif Hendry (sharifhendry@anjielaw.com) at AnJie Law Firm.
The Chinese insurance market continues to grow unabated. While structural changes have seen a drop-off in infrastructure investment and its corresponding high levels of GDP growth, the services sector, and finance in particular, is growing strongly. This shift towards a knowledge based