Allen & Overy LLP (JD Supra China)

42 results for Allen & Overy LLP (JD Supra China)

  • Significant damages judgments highlight the trends of trade secret enforcement in China

    The IP Tribunal of the Chinese Supreme Court currently presides over the appeals of all technical IP cases in China. In two recent trade secret judgments, the Supreme Court affirmed the finding of misappropriation and awarded trade secret owners record-high damages, one for USD4.6 million and the other for approximately USD24.6m.

  • China issues record antitrust fine

    On Saturday 10 April 2021, the State Administration for Market Regulation (SAMR) issued a landmark decision, penalising the Chinese e-commerce group Alibaba for abusing its dominant position. The Chinese authority imposed a record fine of RMB18.228 billion (USD2.8bn) on Alibaba for preventing merchants who sold their products on its online platform from dealing with other competing platforms (Deci

  • China’s new blocking statute against extra-territorial application of foreign laws

    On January 9, 2021, the PRC Ministry of Commerce (“MOFCOM”) issued the Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (the “Rules”). - The Rules, along with the recently promulgated Unreliable Entity List Regulation and the PRC Export Control Law, form the pillars of China’s new trade regime, acting as both sword and shield to...

  • Impact of China’s Export Control Law to M&A transactions

    The PRC Export Control Law will come into effect soon on 1st December 2020. This new law makes a number of substantial changes to China’s current export control regulatory regime, indicating that the regulators may take a more active and pragmatic approach to broadly safeguard China’s national security and interests (especially in the area of technology) going forward.

  • China: Patent Law Amendment brings sea change to pharmaceutical patent regime

    Article 76 of the Amendment establishes the longanticipated patent linkage scheme in China. It aims to allow early resolution of patent disputes between innovators and generic companies during the drug review and approval process.

  • Coronavirus: Points to consider on M&A transactions

    As coronavirus (Covid-19), first reported in Wuhan in December 2019, spreads across China and beyond, it has been widely reported that some Chinese companies are looking to suspend or terminate their contractual commitments. Factory closures, port and travel restrictions on goods and workers, a decline in energy demand, and reductions in consumer spending are affecting many sectors including...

  • Phase One Sino–U.S. trade agreement and the pharmaceutical industry

    On 16 January 2020, China and the United States signed the Economic and Trade Agreement between the Government of the People’s Republic of China and the Government of the United States of America (the Phase One Trade Agreement).

  • Latest updates on the China financial sector: lifting foreign shareholding caps

    On 11 October 2019, the China Securities Regulatory Commission (CSRC) announced a clearer accelerated timeframe for lifting foreign shareholding caps (i.e. 51%) in futures companies, public?? securities investment fund management companies and securities companies. Qualified foreign firms now have a clearer road map towards full ownership of financial service institutions in China.

  • Mainland-Hong Kong Interim Measures Arrangement Now in Effect

    The Arrangement Concerning Mutual Assistance in Court-ordered Interim Measures in Aid of Arbitral Proceedings by the Courts of the Mainland and of the HKSAR (the Arrangement), which was signed on 2 April 2019, came into effect in Mainland China and HKSAR on 1 October 2019. The Supreme People’s Court of the People’s Republic of China (the SPC) published a guidance note recently, providing...

  • Amendment to Drug Administration Law

    On August 26, 2019, the China’s National People’s Congress passed the amended Drug Administration Law (the Amended DAL) which will take effect on December 1. The new law brings in some changes while codifying many existing practices. We summarize the key highlights, including intellectual property related rules, of the Amended DAL. Please see full article below for more information.

  • Investing in China: opportunities and challenges coexist

    At a time when U.S.-China trade tensions are being reported as having a dramatic impact on the global economy, China’s Ministry of Commerce has announced that the actual use of foreign capital in China is still increasing steadily, indicating that foreign investment into China’s economy is not yet being significantly affected by the trade war.

  • China removes more barriers to market entry

    The pledge by President Xi at the G20 Summit in Osaka that China would continue to liberalise market access has seen immediate progress in the form of a new update to the Catalogue of Encouraged Industries for Foreign Investment (the Industries Catalogue) and the publication of two revised negative lists governing foreign investment.

  • Groundbreaking Arrangement Allowing Interim measures in Mainland China for Hong Kong Arbitrations

    On 2 April 2019, the HKSAR Government and the Supreme People’s Court of the People’s Republic of China signed the “Arrangement Concerning Mutual Assistance in Court-ordered Interim Measures in Aid of Arbitral Proceedings by the Courts of the Mainland and of the HKSAR” (the Arrangement).

  • Amendment to the Technology Transfer Regulations in China

    On March 2, 2019, Premier Li Keqiang signed a State Council decree No.709 to amend a total of 49 regulations, including the Technology Import and Export Regulations (TIER) and the Regulations for the Implementation of the Law of the People’s Republic of China on Chinese-Foreign Equity Joint Ventures (JV Regulations). The amendment was published on March 18, 2019 and took effect immediately. ...

  • China’s new Foreign Investment Law - a new era for foreign investment in China?

    The Foreign Investment Law of the People’s Republic of China (FIL) was approved and passed by the National People’s Congress (NPC) on 15 March 2019. In its current form, the FIL will become effective at the beginning of 2020, at which time it will replace the set of Chinese laws commonly known as the “Three Enterprise Laws” that has been the seminal legislation governing foreign investment in...

  • China Announces Pilot Scheme for Tendering with Minimum Procurement Quantities

    On 15 November 2018 the Joint Procurement Office (the JPO) published its Paper on Centralized Drug Procurement in “4+7” Cities (the Paper), which launched the national pilot scheme for tendering with minimum procurement quantities. The pilot scheme will be carried out in 11 cities: Beijing, Tianjin, Shanghai, Chongqing, Shenyang, Dalian, Xiamen, Guangzhou, Shenzhen, Chengdu and Xian, which...

  • China’s new anti-bribery agency announces pharma probe

    China’s State Administration for Market Regulation (SAMR) has announced the launch of a nationwide campaign to crack down on unfair competition and commercial bribery in the pharmaceutical, medical device and educational sectors. The campaign comes at a time when the Chinese government has enacted key amendments to its Anti-Unfair Competition Law (AUCL) and is gearing up for tougher enforcement...

  • Dawn of a New Era in Chinese Merger Control?

    The Chinese merger control landscape evolves as MOFCOM is replaced by the newly created State Administration for Market Regulation (SAMR) as the country’s merger control agency. This change becomes fully effective on 14 May 2018 as merger control officials join SAMR, which becomes the single Chinese antitrust enforcement agency. While in the short term the impact on enforcement is predicted to...

  • China RoHS 2 Catalogue Finalized

    BACKGROUND - In 2006, China passed a law regulating the use of six hazardous substances found in certain electronic equipment. This law was modelled on a similar EU Directive, and was informally referred to as “China RoHS1”. In 2016, China passed a new law which repealed China RoHS1 (hereafter “China RoHS2”).

  • An Update of China’s Control over Outbound Investments

    China’s National Development and Reform Commission released the Administration Measures for Outbound Investments of Enterprises on 26 December 2017. This legislation further streamlined the approval/filing process for outbound investments, increased the transparency of the regulatory regime, and extended the regulatory authority to control outbound investments more closely.

  • An update on China’s control over outbound investments and remittance

    On August 18, 2017, the State Council of China issued a notice forwarding the Guiding Opinions on Further Guiding and Regulating the Direction of Outbound Investments (the Guiding Opinions) as jointly drafted by the National Development and Reform Commission (NDRC), Ministry of Commerce (MOFCOM), People’s Bank of China (PBOC) nd Ministry of Foreign Affairs. The Guiding Opinions are the first...

  • The Law Against Unfair Competition Amendment

    On November 4, 2017, at the 30th session of the Standing Committee of the 12th National People’s Congress (“NPC”) of China, the NPC approved a bill to amend the Law Against Unfair Competition, effective on January 1, 2018 (“2018 LAUC”). This is the first time the LAUC has been amended since it came into effect on December 1, 1993 (“1993 LAUC”). This article highlights specific amendments in the...

  • CFDA’s New Draft Policy Introduces the Chinese Version of Patent Linkage

    On May 12, Chinese Food and Drug Administration (CFDA) issued Policy Notice No. 55, entitled “Policies Relevant to the Protection of the Rights and Interests of Innovators for the Encouragement of Innovation in Drugs and Medical Devices”, for public comments. The commenting period ends on June 10. In the Notice, CFDA, for the first time, outlines the patent linkage scheme, which requires a...

  • Generic consistency evaluation in China: the coming paradigm shift in drug pricing and patent cliff

    China is one of the largest generic drug markets in the world. As part of the drug approval reform, the ongoing generic consistency evaluation (GCE) is likely to have significant, long-lasting impacts on the market landscape, drug pricing and generic competition. Patent cliff might inevitably follow and should be examined and planned for early. Please see full publication below for more...

  • Iwncomm v. Sony: first SEP-based injunction granted in China

    The Beijing IP Court recently handed down a landmark decision concerning infringement of a standard essential patent (SEP) in the Iwncomm v. Sony case. The court found that Sony had infringed a SEP relating to a national standard. The court ordered a permanent injunction, along with damages of close to RMB 9 million for past infringement. This is believed to be the first SEP-based injunction...

  • China’s Draft IPR Guidelines Reach Final Consultation Stages

    Speed read - On 23 March 2017, the Antimonopoly Commission of China’s State Council (“AMC”) published the long-expected draft Guidelines on Prohibition of Abuses of Intellectual Property Rights (“draft IPR Guidelines”) for public comments. The draft IPR Guidelines aim to provide guidance on the enforcement of China’s Anti-Monopoly Law (“AML”) by the Chinese competition agencies in relation...

  • Anti-unfair competition law

    On 22 February 2017, at the 26th session of the Standing Committee of the 12th National People’s Congress (NPC) of China, the State Council put forth a bill to amend the Law Against Unfair Competition (LAUC). The bill was published on 26 February on the NPC’s website, and is currently open for public comments until 25 March 2017. If passed, this would be the first time the LAUC is amended since...

  • Importance of patents in Chinese pharmaceutical tendering

    China has a complicated and unique tendering system for drugs – and patents play an important role in almost every tender. What adds to the complexity is that tendering rules vary between provinces. Providing necessary patent advice has become increasingly crucial to differentiating between competitors and winning tenders in China. The main pharmaceutical market for multinational companies (M

  • Antitrust in China: 2016 highlights and an outlook on 2017

    The three Chinese antitrust authorities – Ministry of Commerce (MOFCOM), the National Development and Reform Commission (NDRC) and the State Administration for Industry and Commerce (SAIC) – overall remained very active in 2016. Besides enforcing the Anti-Monopoly Law (AML), they have been busy consulting with stakeholders on proposed guidelines aimed to improve both processes and the efficiency...

  • SAFE Relaxes Repatriation Restrictions under Neibaowaidai Structure

    On 26 January 2017, the State Administration of Foreign Exchange (SAFE) of China released a Circular on Further Advancing the Reform of Foreign Exchange Administration and Improving the Examination of Authenticity and Compliance (the New SAFE Rules). Taking effect as of the date of promulgation, the New SAFE Rules, among other things, expressly removed the restrictions on the repatriation of...

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