News & Insights
Law on Countering Foreign Sanctions
The focus of this law is governmental relationship. A side effect could be seen on trade or business transactions, Part (c) of possible sanctions below in particular.
New Initiatives to Boost Pudong
The Central Committee of the Chinese Communist Party (CCP) and the State Council released today certain Mandates on Supportive Measures to Promote [Shanghai’s] Pudong New Area to become a Model Area for Modernization Development (the Pudong Initiatives) which was dated April 23, 2021 but was just published by the state news press on July 15. …
FuJae Partners made new hires
Newly restructured Chinese firm, joined by IP partner and compliance specialist FuJae Partners announced its lateral hires of IP specialist Leo Y. Liu and compliance specialist Zach Zee. FuJae was restructured recently. After recruiting Leo Liu and Zach Zee as of June 1, 2021, it will provide legal and business counsel to state-owned and private …
New MofCom Rules Set to Counteract Extraterritorial Application of Foreign Laws
The Ministry of Commerce (MofCom) released Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures on January 9, 2021. Coverage This new regulation covers counteracting application of certain long arm foreign law that prohibits or restricts business dealing involving a Chinese business concern and a third party state counterpart. These rules are …
Season’s Greetings
Celebrating 5 Years!
CORONAVIRUS STATEMENT
The entire FuJae community is very concerned about the current coronavirus incident. The impact has been developed to a level that is much worse than what we as a firm could possibly imagine or plan. Over many issues, FuJae’s top priority is always the health of our partners, associates, supporting staff and other colleagues, as …
Freudenberg Filtration Technologies completes acquisition of a majority stake in Apollo Shunde
Freudenberg Filtration Technologies completes acquisition of a majority stake in Apollo Shunde
China reduces VAT rates and thresholds in phase-one of tax overhaul
China’s Ministry of Finance and the State Administration of Taxation on April 4 announced a 1 percent reduction in the top two VAT rates and an increase in the threshold for determining a general VAT taxpayer