News

20.02.2024 - Alliance: International remote work- tax implications for companies and employees

In our rapidly evolving global labour landscape, remote work has become a central theme and a defining feature of the modern workforce. This newsletter looks at the subtleties of cross-border remote working from a tax perspective and examines the complex considerations that need to be borne in mind by both employers and employees. We address the tax implications of cross-border work and cover topics such as tax residency, double taxation agreements, permanent establishments and income tax deduction obligations.

21.09.2023 - Alliance: Legally compliant whistleblowing in your company - country update

Most countries of the European Union have already transposed Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law within their legal systems. There are some legal differences in how the Whistleblower Directive has been transposed into the various laws.

20.06.2023 - Schindhelm Seminar on “DEVELOPMENT OF CHINA’S BELT AND ROAD INITIATIVE” at Warsaw-Beijing-Forum

In keeping with a good tradition, Schindhelm has given a seminar on the topic "21st CENTURY SILK ROAD: DEVELOPMENT OF CHINA’S BELT AND ROAD INITIATIVE" organized and hosted by the Warsaw-Beijing-Forum of University of Warsaw.

14.06.2023 - Alliance: The Corporate Sustainability Reporting Directive (CSRD)

The directive on sustainability reporting (EU) 2022/2464, Corporate Sustainability Reporting Directive, abbreviated “CSRD”) leads to an expansion of the reporting obligation for thousands of companies throughout Europe, starting from financial year 2024, for reports published in 2025. The CSRD amends the existing directive on non-financial reporting and establishes both more detailed reporting obligations, on the one hand, and a larger circle of companies required to issue such reports on the other.

12.06.2023 - Alliance: Transfer Pricing - General Overview 2023

Transfer pricing plays an essential role in all jurisdictions, as it determines a large part of the profits of related parties, which entails a significant amount of income taxes that may be imposed on them. In this first Schindhelm Alliance tax newsletter we give you a general overview of the subject and then report on the specifics in some of the main jurisdictions in which our Alliance operates.

19.05.2023 - Alliance: New regulatory hurdles in M&A transactions

In the case of M&A transactions, all participants strive for a quick closing and thus legal certainty in the future. Previously, an M&A transaction was checked ex ante by the responsible competition authorities if certain turnover thresholds were exceeded to determine whether the project would create or strengthen a dominant position. However, this legal certainty is now lost due to the most recent practice and case law of the European Court of Justice (hereinafter referred to as “ECJ”), since, even if the turnover thresholds are not met, there is the possibility of an ex post content review and, if necessary, a reversal obligation.

03.04.2023 - Turkey: Holiday Properties - Taxes & Inheritance: Turkey

The decision to purchase a holiday home is often made on a wave of emotion, with the exuberance of great memories of a beautiful summer holiday. But however enthusiastic you are about the beauty of your home and its area, it is important to also keep an eye on the costs in order to avoid unpleasant surprises later on leading to “buyer’s remorse”. These start with the ancillary costs of the actual purchase and can continue until the inheritance tax in the case of an inheritance.

In the following article, we review the costs you need to take into account for Turkey as they occur on the purchase of the property, during its ongoing use, on its sale or transfer as a gift, or even in the event of inheritance.

03.04.2023 - Spain: Holiday Properties - Taxes & Inheritance: Spain

The decision to purchase a holiday home is often made on a wave of emotion, with the exuberance of great memories of a beautiful summer holiday. But however enthusiastic you are about the beauty of your home and its area, it is important to also keep an eye on the costs in order to avoid unpleasant surprises later on leading to “buyer’s remorse”. These start with the ancillary costs of the actual purchase and can continue until the inheritance tax in the case of an inheritance.

In the following article, we review the costs you need to take into account for Spain as they occur on the purchase of the property, during its ongoing use, on its sale or transfer as a gift, or even in the event of inheritance.

03.04.2023 - Italy: Holiday Properties - Taxes & Inheritance: Italy

The decision to purchase a holiday home is often made on a wave of emotion, with the exuberance of great memories of a beautiful summer holiday. But however enthusiastic you are about the beauty of your home and its area, it is important to also keep an eye on the costs in order to avoid unpleasant surprises later on leading to “buyer’s remorse”. These start with the ancillary costs of the actual purchase and can continue until the inheritance tax in the case of an inheritance.

In the following article, we review the costs you need to take into account for Italy as they occur on the purchase of the property, during its ongoing use, on its sale or transfer as a gift, or even in the event of inheritance.

13.02.2023 - Alliance: Foreign Subsidies Regulation: How will new regulation impact and reshape the M&A and public tender offers market?

On 12 January 2023 the Regulation (EU) 2022/2560 of the European Parliament and of the Council of 14 December 2022 on foreign subsidies distorting the internal market (hereinafter: the “FSR Regulation”) has entered into force.

The FSR Regulation, which will apply from 12 July 2023, equips the European Commission (hereinafter: the “Commission”) with new tools preventing distortion in competition of the internal (EU) market resulting from “foreign subsidies” meaning subsidies granted by the non-EU states to the entities operating on the internal market.

31.01.2023 - Alliance: The end of trust-based working hours? Practical effects of the decision of the BAG dated 13/09/2022

With a judgment from 2019, the ECJ had clearly set the direction: From the Working Hours Directive in conjunction with Art. 31 of the Charter of Fundamental Rights of the European Union (CFR), there is the obligation of the Member States to ensure that employers introduce an “objective, reliable and accessible system that can be used to measure the daily working hours worked by employees”; this follows from the right of employees to effective health protection and compliance with the legally prescribed (weekly and daily) maximum working hours. However, the ECJ had not set a specific deadline for the Member States.

Over three full years, the requirements of the ECJ then remained without any significant practical consequences, with a few exceptions that we will present below on a country-specific basis. And it was probably generally assumed that legislative intervention would be required for the practical implementation of the judgment. However, the German Federal Labour Court has now taken the ball directly and formulated directly from existing law specific obligations incumbent on the employer even without legislative measures.

29.11.2022 - Schindhelm at China Business Round Table with Rudolf Scharping in Shanghai

On Tuesday, November 29, 2022, Schindhelm attorney Marcel Brinkmann (Shanghai, Taicang) together with further selected representatives of the German business community met in Shanghai for a business round table with former German Minister and China expert Rudolf Scharping to discuss the current situation of German companies in China as well as future challenges and opportunities for German investments in the Chinese market.

17.11.2022 - Alliance: Is your company a "Gatekeeper"? Digital Markets Act News

The applicable e-commerce policy is over 20 years old. That is why the European Union launched a regulatory package for online platforms a few years ago.

19.10.2022 - Alliance: Remote Work: Revolution in the labour market through hybrid forms of working

Working from home, New Work, flexibility, self-organisation, trust-based working hours. These (and other) terms describe what is no longer a vision of the future or a mere phenomenon. Day-to-day working life has fundamentally changed in the last two and a half years at the latest since the start of the coronavirus pandemic, which acted as a catalyst in this respect.

22.09.2022 - Alliance: A bird's eye view of the law: The commercial use of unmanned aircraft

The development and commercialisation of drones is making relentless progress. Due to the wide range of applications and the rapid technical advances, unmanned aircraft – or “UAS” (=Unmanned Aircraft System) for short – are predicted to be a promising future.

01.09.2022 - The end of trust-based working hours in China?

According to Chinese labour laws, the employer is not obliged to record and monitor the working hours of the employees. In practice, however, many Chinese companies introduce a working time system in their internal management policies to record the total duration of daily working time, including the start and end of daily working hours, break times and overtime.

05.07.2022 - Alliance: What to do if the company is hacked? Actions from a legal perspective.

In case of a hacking attack, unauthorised attackers attempt to access external PCs, notebooks, smartphones, tablets or even entire corporate networks. Since the frequency of such attacks has increased massively in Europe over the past year, in this article we look at the successful hacker attack from the outside, which encrypts the affected systems in such a way that the company can no longer access its system at all.

19.06.2022 - Alliance: New opportunities and threats in sales: revised Vertical Block Exemption Regulation 2022 in force.

The European Commission’s Vertical Block Exemption Regulation (“VBER”), which was previously potentially applicable to distribution, whereby agreements between manufacturers or suppliers and retailers are exempt from the ban on cartels, ceased to be in force on 31/05/2022, because the original period of validity of 12 years was reached.
These new versions bring some changes which relax requirements compared to the previous legal situation, but also tighten requirements, which primarily take into account the area of tension between online/offline sales.

23.05.2022 - Alliance: Digital Revolution & Legal Evolution – copyright and related IP rights in the digital domestic market

Cryptocurrency, big data, artificial intelligence, data theft, cloud, virtual, augmented, or mixed reality, cyber warfare, telemedicine, social media, autonomous driving, Industry 4.0, Criminal Law 4.0, NFTs – these are not the only issues that are bringing about the era of the fourth so-called digital revolution. Each of these digital changes is bringing new challenges to all facets of society – the link between law and technology is one of the biggest. An example that illustrates the special relationship between legal and digital technologies very well are NFTs (non-fungible tokens).

14.04.2022 - Alliance: The current turning point – Force Majeure and loss of the basis for business

The "current turning point" in connection with the Russian war of aggression on Ukraine has not only a political but also perhaps an even greater economic dimension. The sharp rise in the price of raw materials and energy has led to a dramatic increase in costs for companies. The interruption of supply chains often causes production downtimes in industry. Despite all the harmonisation of laws that has taken place in the last 20 to 30 years, especially in the European legal sphere, this issue has remained untouched by efforts at legal standardisation. The reason for this was apparently a lack of topicality. Therefore, with this article, we provide an overview of how this topic is handled legally with regard to three key questions in the respective countries of our partner law firms.

01.03.2022 - The commercial use of unmanned aircraft in China

The “Measures for the Administration of Operational Flight Activities of Civil Unmanned Aerial Vehicles in China (Provisional)” contain regulations for the use of drones for commercial flight activities. However, this policy does not include the use of drones for operational flight activities in passenger and cargo categories. According to the aforementioned regulations, drones must be registered, an operating permit must be obtained, and liability insurance must be taken out in order to be able to use drones for operational activities.

09.02.2022 - Alliance: The Digital Service Act and the upcoming reform of the digital services

Already in 2020, the European Commission presented the draft for a new EU regulation on a single market for digital services, through which the latest developments in the field of digital services are to be incorporated and regulated at EU level. The proposal aims at better protection of consumer rights in the digital environment and at the joint internal market-related enforcement potential of the EU Member States.

03.01.2022 - Digital Revolution & Legal Evolution in China

The Supreme Court in China has taken a clear position against crypto trading in its recent legal interpretation of criminal law. This means that trading in cryptocurrencies is classified as a means of illegally raising money. To consider cryptocurrency trading illegal, four conditions must be met. These are public fundraising, unspecified fundraising objectives, promised capital and interest income, and violation of laws and regulatory requirements. As a result, cryptocurrencies cannot play a usual role in NFT trading.

01.01.2022 - Force Majeure and loss of the basis for business in China

The debtor may be released from the obligation to perform the contract in full (1) if a contract cannot be performed in full due to force majeure and if the purpose of the contract cannot be achieved by delayed performance or possible partial performance, or (2) if, after the conclusion of a contract, a material change in the conditions underlying the contract occurs which could not have been foreseen by the parties at the time of the conclusion of the contract and which does not constitute a typical business risk of the party concerned and if the continued performance of the contract is manifestly inequitable for one of the parties.

12.04.2021 - “Between China and Europe - Energy for Future Earth” - Lecture of Schindhelm at Warsaw-Beijing-Forum

In keeping with our good and longstanding cooperation with the University of Warsaw, Schindhelm has given a lecture on the topic of “Energy market liberalization between the EU and China” in the conference “Between China and Europe - Energy for Future Earth” organized and hosted by Warsaw-Beijing-Forum on April 11th, 2021.

18.01.2021 - Lecture and Workshop on “Foreign Direct Investment in China” at University of Warsaw

In keeping with a good tradition, Schindhelm has given a lecture and workshop on the topic "Foreign Direct Investment in China" organized and hosted by the School of Law and Economy of China of University of Warsaw on Saturday, January 16th, 2021. 

11.12.2020 - New "Social Security Insurance" rules in China

On November 27, 2020, Schindhelm participated in a hybrid seminar of the German Centre Beijing and the German Centre Shanghai on the topic "How to prepare for the new Individual Income Tax and Social Security Insurance rules". 

17.11.2020 - Workshop on “Investment in Germany”

Schindhelm held a workshop on Tuesday, November 17th, 2020 on the topic "Investment in Germany " organized and hosted by the German Centre for Industry and Trade Taicang.

31.01.2020 - NEWS ALERT: Wuhan Coronavirus and its impact on employers

Amid the outbreak of the Wuhan coronavirus, China´s central government implemented immediate emergency measures to gain control over its spread, including the extension of the Chinese New Year holiday period.

22.11.2019 - Austria: Even more transparency for transparent companies

State and corporate compliance obligations to combat money laundering and terrorist financing remain an utmost priority for EU member states. Companies (“legal entities”) have therefore been obliged to disclose their “beneficial owners”, among other things, for quite some time. In Austria, a separate database - the “Beneficial Owners Register” - was set up for this purpose. In course of the implementation of the 5th EU Money Laundering Directive, further tightening measures have now been adopted.

22.11.2019 - Austria: On the termination of the lease due to considerably detrimental use

According to Sec. 1118 ABGB (Austrian Civil Code), the lessor can terminate a lease unilaterally prematurely if the lessee makes a “considerably detrimental use” of the leased object. The scope and content of these legal provisions is a constant source of discussion. The mere performance of structural alterations by the lessee without the consent of the lessor does not in itself justify a good cause for the termination of the lease.

22.11.2019 - Europe: Implementation of the EU trade secrets directive

The new “Law on Trade Secrets” now implements the so-called “EU Trade Secrets Directive”. This adopts the European legal requirements for the protection of confidential know-how and secret business information. Moreover, the new legal provisions contain limitation periods and important procedural provisions for the protection of trade secrets in court proceedings.

22.11.2019 - Europe: Liability of the operator of a website for the Facebook “Like Button”

The European Court of Justice (ECJ) recently ruled on the long-discussed question of whether and how website operators can integrate the Facebook Like button (so-called “social plug-in”) in accordance with data protection requirements.Th ECJ’s investigation results from a legal dispute between the Consumer Association of North Rhine-Westphalia and a subsidiary of Peek & Cloppenburg KG.

22.11.2019 - Italy: The new law on corporate crises as a “work in progress”

A new law on company crises has significantly changed the rules applicable to limited liability companies in this respect Among other things, the liability of the company’s management was tightened. Furthermore, the tasks of the supervisory body were expanded. The reform’s true impact remains to be seen: Will there be a change in corporate culture or will there be an increase in corporate crises?

22.11.2019 - Slovakia: New law on whistleblowing

“Whistleblower” - people who point out violations of the law - will be protected even more in the future. This is the aim of a new law that came into force a few months ago. The new regulation adds to already existing provisions on the protection of whistleblowers in the employment relationship.

22.11.2019 - Turkey: Changes in subsidy law

State aid is granted on the basis of various criteria. The region or the economic sector in which the investment is made is decisive, but also the strategic importance of the investment and the level of the investment volume. Investments in structurally weak regions receive higher subsidies than investments in industrial areas. For the award of grants, a distinction is made between six different regions.

11.11.2019 - Workshop on “Investment in Germany”

Schindhelm held a workshop on Thursday, November 7th, 2019 on the topic "Investment in Germany " organized and hosted by the German Centre for Industry and Trade Taicang.

25.06.2019 - Spain: Simplification of establishing a company

The law 11/2018 dated 28 December has been in force since the beginning of the year. This selectively modifies the Commercial Code, the Stock Corporation Act and the Law on Auditing.

25.06.2019 - Turkey: The mandatory mediation procedure in Turkish law - labour law and commercial law suits

Justified by the goal of solving legal disputes in a fast and economical manner without filing lawsuits and thus relieving the overloaded Turkish courts, a mediation procedure is implemented as a mandatory pre-condition for filing a lawsuit according to Turkish labour and commercial law.

09.01.2019 - Austria: New protection of business secrets - entrepreneurs must act.

Companies invest in know-how, from which there are important competitive advantages. Valuable information is the currency of the knowledge-based company. Maintaining confidentiality of business secrets is therefore a management instrument for competitiveness and research innovations. The loss of secrets can result in serious consequences, in particular, and generally can no longer be reversed.

22.11.2018 - Germany: news on the shareholder list

When a new shareholder list must be submitted in the commercial register due to a change, it must satisfy the requirements of § 40 I GmbHG [Limited Liability Companies Act] in the version of 23/06/2017 according to the decision of the BGH [Federal Supreme Court] dated 26/06/2018 – II ZB 12/16.

22.11.2018 - Italy: new rules for small limited liability companies

With the large-scale reform of the company law from the year 2003, Italian legislators had simplified the regulations on the Governance of limited liability companies.

22.11.2018 - Europe: EUGH for the trade acceptance of European Union trademarks

Nestlé is a holder of a 3D EU trademark that corresponds to the "KitKat" bar marketed by it and protects its design.

22.11.2018 - Europe: billions in penalties against Google due to misuse by Android

Throughout Europe, approximately 80% of smartphones are equipped with the Google oper-ating system, Android...

22.11.2018 - Europe: softening of the primacy of application of community law by the ECJ decision "Taricco II"?

At the end of 2017, in the legal case C-42/17, the ECJ issued a much publicised decision on the question of the primacy of application of Community Law.

22.11.2018 - e-commerce law – impact on cross-border online business

In view of the rapid growth of online trade, the Chinese government adopted the first e-commerce law on the comprehensive regulation of online business on 31/08/2018, which will enter into force on 01/01/2019.

22.11.2018 - Bulgaria: new developments in the use and reclassification of agricultural areas

Since May 2014, ownership rights for land and soil can only be acquired by natural and legal persons who have resided or been established in Bulgaria for longer than five years.

22.11.2018 - Turkey: The decree to protect the value of the Turkish currency – limitation of foreign currency and foreign currency indexed contracts

The presidential decree no. 32 issued on 12/09/2018 to protect the value of the Turkish cur-rency ("Decree") sets the limitation of foreign currency and foreign currency indexed contracts and stipulates that these contracts must be converted within 30 days into Turkish Lira (“TL”).

22.11.2018 - The Czech Republic: changes in the payment of sick leave and consequences for the employer

In the Czech Republic, as of 01/07/2019, employees should already be entitled to sick leave from the first day of their inability to work.

22.11.2018 - Spain: Residual debt discharge for natural persons

The residual debt discharge (RDD) was introduced in 2015 as an exception from the princip-le of general asset liability of the debtor in the insolvency code.

22.11.2018 - Slovakia: new conditions for the employment of foreigners

Due to the low unemployment rate in Slovakia, employers have recently been confronted with a lack of available workers.

22.11.2018 - Romania: implementation of the GDPR – law no. 190/2018

In Romania, law no. 190/2018, and thus the national implementation of the GDPR, took effect as of 31/07/2018. In comparison with other EU countries, law no. 190/2018 was rather short.

22.11.2018 - Poland: withdrawal as sole managing director will be slightly more difficult from 2019

In the business world, situations often arise in which the only existing managing director wants to leave the company.

22.11.2018 - Poland: higher wage and incidental wage costs from 2019

In the budget planning for 2019, companies should prepare for the expected increase in Po-lish labour costs.

22.11.2018 - Hungary: new law concerning the protection of know-how – implementation of the know-how directive

The EU Directive on the regulation of confidential know-how and business information (know-how directive) was implemented in Hungary in July 2018.

22.11.2018 - Germany: no d&o protection for gmbh managing directors for payments after maturity of insolvency

If a Gmbh makes payments after it becomes insolvent, the Managing Directors are personal-ly liable vis-à-vis the company, regardless of the internal allocation of responsibilities.

28.06.2018 - Austria: E-allocation and safe linking by means of hash value

The electronic transmission of tenders in the award procedure is nothing new and was already standardised in the Federal Procurement Act 2006 both for the classical area and for the area of sector contractors.

28.06.2018 - Belgium: Fairness and transparency in online trading

Online platforms and search engines dominate Internet trading. Unilateral business conditions, non-transparent algorithms and rankings are unfortunately not uncommon.

28.06.2018 - Bulgaria: New requirements for company sale and insolvency

As in the past, in the case of company sales, the seller has repeatedly neither paid salaries due nor paid social security contributions due for employees, the Bulgarian Commercial Code was amended accordingly by three successive amendments in December 2017, February and March 2018.

24.05.2018 - New EU data protection law: Data transfer to third countries

International business transactions often involve cross border transfer of personal data. This is the case for instance where the data is stored on a server located in a third country (a country outside the EEA) or a third country IT service provider has access to the data processed by a company within the EU. If personal data is to be transferred to a third country specific provisions of the GDPR will apply.

25.04.2018 - New EU data protection law: Data breaches

As of 25 May 2018, the General Data Protection Regulation (GDPR) introduces harsh sanctions for data breaches with extended scope of applicability.Companies and other data processing entities become potential subjects not only to the data subjects’ claims for damages, the enforceability of which has been enhanced, but also to increased administrative fines to be imposed by supervisory authorities.

12.03.2018 - New EU data protection law: Data Protection Officer

The General Regulation on Data Protection (GDPR) which will apply from 25th May 2018, introduces the position of the Data Protection Officer (DPO).The DPO shall be the contact person for and shall be involved in all data protection related issues of the given entity. The DPO is an organ within the company which liaises with the authority, the company and the data subjects.

22.01.2018 - New EU data protection law: Sanctions and liability

The General Data Protection Regulation (GDPR) adopted by the EU Parliament in 2016 provides a higher standard of protection of personal data for EU citizens. The GDPR will have direct effect in all member states as of May 25, 2018 and it will affect businesses all around the world that are engaged in activities with individuals in the EU.

22.01.2018 - New EU data protection law: Principles on the processing of personal data

The General Data Protection Regulation (GDPR) adopted by the EU Parliament in 2016 provides a higher standard of protection of personal data for EU citizens. The GDPR will have direct effect in all member states as of May 25, 2018 and it will affect businesses all around the world that are engaged in activities with individuals in the EU.

11.12.2017 - New EU data protection law: compliance check

The General Data Protection Regulation (GDPR) of the EU will come into force on 25 May 2018 and it will affect organisations worldwide working with or within the EU. The GDPR promotes accountability and governance. Organisations are required to put into place comprehensive governance measures to ensure compliance. Non-compliance can lead to heavy fines up to EUR 20 million or 4 % of the global annual turnover, whichever is higher.

17.11.2017 - New EU data protection law: Fines up to EUR 20 million

The General Data Protection Regulation (GDPR) adopted by the EU Parliament in 2016 provides a higher standard of protection of personal data for EU citizens. The GDPR will have direct effect in all member states as of May 25, 2018 and it will affect businesses all around the world that are engaged in activities with individuals in the EU.

24.07.2017 - Taicang - Germany Friendshipcup International Table Tennis / Schindhelm Team

On Saturday, 8th of July, the Second Chinese Germany Friendship Cup in table tennis took place in Taicang.

10.06.2016 - Opening Schindhelm Office Taicang, China

Simultaneously with the 10th anniversary of the Schindhelm Office in Shanghai, Schindhelm Rechtsanwaltsgesellschaft mbH opened another office in the city of Taicang, which is located about 50 kilometres away from Shangha

26.03.2013 - Termination of Employment in PRC: Guideline for Employers

Schindhelm Shanghai is delighted to invite you to the presentation Termination of Employment in PRC: Guideline for Employers Our lawyer, Ms. Pyn-An Sun, will provide you with an overview of the reasons for a unilateral...

06.09.2012 - Legal update on dispute resolution in China

CIETAC announces suspension of Shanghai and Shenzhen Sub-Commissions

02.05.2012 - We are pleased to announce that Ms. Pyn-An Sun joined our law firm as Senior Associate as of 1st May 2012.

Ms. Sun works at our Shanghai office and supports the team in consulting German and Austrian companies in China related investments.

25.04.2012 - New 2012 Investment Catalogue promotes foreign investment

Foreign investment in China is subject to the provisions of the Foreign Investment Industrial Guidance Catalogue. Investments in certain sectors are thus encouraged (by tax benefits), permitted to a limited extent (participation...

25.04.2012 - VAT pilot project launched in Shanghai

Since 1 January 2012 a pilot project has been running in Shanghai which aims at integrating income from certain service industries which was previously subject to a form of corporation tax (“Business Tax”, “BT”) into the VAT...

13.02.2012 - Establishment of a Limited Liability Company in Germany

Foreign businesses may establish their German operations as companies, partnerships or branches of the parent entity. The most commonly used company form in Germany is the Limited Liability Company (Gesellschaft mit beschränkter...

13.01.2012 - New Chinese jurisdiction concerning labor law

The employer is obligated to reimburse the medical costs if he has not paid the basic medical insurance for his employee dulyAccording to Article 72 of the Chinese Labor Law and Article 23 of the Chinese Social Insurance Law,...

14.12.2011 - New Regulation on Debt to Equity in China

On November 23rd, 2011 the State Administration for Industry and Commerce (SAIC) issued a regulation on swap of Debt to Equity. This regulation will come into force on January 1st, 2012.Due to the international financial crisis,...

- Legal Update on Chinese Labour Law

With our newsletter we like to inform you about recent legal updates and practice in China in the future.