China’s new blocking statute against extra-territorial application of foreign laws
By EsqSocial Corporation 18/01/21
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 further and protect its national, economic, security, and development interests. Although the Rules are...
By: Allen & Overy LLP