- When it comes to overseas investment, Chinese enterprises are required to comply with the rules of the National Development and Reform Commission (“NDRC”) and the Ministry of Commerce (“MOFCOM”) governing overseas investment, however, insurance companies which are subject to separate industry regulation shall also comply with the rules of the China Banking and
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2023 Insurance Law Practice Overview of China
Ⅰ.INTRODUCTION
Over the past decade, China’s insurance industry has grown rapidly and held the second-largest premium market share worldwide for many years, contributing steadily to the global insurance market. In 2022, despite the repeated impact of the pandemic and the turbulent capital markets, China’s insurance industry has been put to the test and has seen…
Shanghai Financial Court Interpreted the “Incorporated Clauseson Jurisdiction”in Reinsurance Contracts
Reinsurance contracts, like insurance contracts, follow the doctrine of utmost good faith. Since the reinsurance contract is a contract concluded between commercial entities such as insurance companies, who are endowed with professional insurance knowledge and insurance business experience, it is generally not easy to generate reinsurance disputes. Even when there are disputes, they are often settled…
The Draft of New Judicial Interpretation on PRC Antitrust LawPart II: Changes to Substantive Matters
On November 18, 2022, the Supreme People’s Court of the People’s Republic of China (the “SPC”) published an announcement soliciting public comments on the draft of Provisions of the Supreme People’s Court of the People’s Republic of China on Several Issues concerning the Application of Law in the Trial of…
The Draft of New Judicial Interpretation on PRC Antitrust Law Part I: Changes to Procedural Matters
On November 18, 2022, the Supreme People’s Court of the People’s Republic of China (the “SPC”) published an announcement soliciting public comments on the draft of Provisions of the Supreme People’s Court of the People’s Republic of China on Several Issues concerning the Application of Law in the Trial of…
AnJie Broad Antitrust Practice in 2022: Year in Review
Welcome to Our Yearend Antitrust Practice Review
Standing at the beginning point of the new year, we take the opportunity to deliberate and reflect on the last twelve months. 2022 has been an extremely busy and productive year for AnJie Broad Antitrust Team. Together, we have accomplished several milestones and have much to be proud…
Overview: TPA’s Boundary of Insurance Activities in China
I. Introduction
When referring to insurance, the first term that comes up with one’s mind is likely to be insurers, which are mostly known to operate insurance businesses. Nowadays, with the growth of the insurance industry, other entities also emerge such as insurance agents, brokers, and loss adjustors. These entities play different roles to prosper…
China Releases Draft Standard Contract for Cross-border Data Transfers
On 30 June 2022, the Cyberspace Administration of China (“State Internet Information Department” or “CAC“) issued the Draft Provisions on Standard Contracts for the Export of Personal Information (“Draft Provisions“) for public consultation. The deadline for feedback is 29 July 2022.
The Draft Provisions contain a draft Standard Contract…
AnJie and its attorneys ranked as China’s top ranked law firm and top ranked lawyers in A Client’s Guide 2022 Edition of DAWKINS
On March 1, 2021, DAWKINS, a professional rating agency of Accurate Media, officially released the ranking of China’s top ranked law firms and top ranked lawyers in its A Client’s Guide 2022 Edition. AnJie Law Firm has made the list in 6 sectors, including VC, PE, overseas listing, consumption, high-tech and new economy.…
Five Projects of AnJie win Deals of the Year 2021 of China Business Law Journal
China Business Law Journal, a well-known international law journal, published the Deals of the Year 2021 on February 22, 2022. With its constant reporting of the China market, China Business Law Journal selected the deals that stand out as the Deals of the Year 2021, in terms of the overall significance, complexity, and innovative nature…