Arbitration and China’s Global Business

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Linnaea Mallette, Shipping Port (Publicdomainpictures.net)

全球商务对中国的重要性日益增加，故中国有必要表明其承认和执行外国仲裁裁决的决心。自 1987 年以来，中国一直是《纽约公约》的缔约国。该公约要求每个缔约国都确保其法院承认和执行在另一个缔约国作出的仲裁裁决，除非这种承认或执行违反其“公共政策”，或有其他例外情况。由于《纽约公约》没有对“公共政策”作出规定，中国法院如何解释此例外情况直接影响到外国当事人与中国开展业务的信心程度。中国最近发布的一起案例阐明了对此例外情况的解释。Read more

Arbitration and China’s Global Business

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Linnaea Mallette, Shipping Port (Publicdomainpictures.net)

The growing importance of global business to China makes it crucial for the country to show its commitment to recognize and enforce foreign arbitral awards. Since 1987, China has been a contracting state of the New York Convention, which requires each contracting state to ensure that its judiciary recognizes and enforces an arbitral award made in another contracting state, unless such recognition or enforcement would be contrary to the contracting state’s “public policy”, among other exceptions. The convention does not interpret the “public policy” exception. How the Chinese judiciary interprets it directly influences foreign parties’ level of confidence in doing business with China. A recent court case in China sheds light on the interpretation of this exception.Read more

Key Talks in 1992, Court Cases in 2024, and “New Quality Productive Forces”

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Mikhail Denishchenko, Production Technology (Publicdomainpictures.net)

由习近平主席于 2023 年提出的“新质生产力”一词，具有重大意义，因为中国领导层已确定了相关改革，其中提及不同类型的投资。已故改革派领导人邓小平在 1992 年发表的重要谈话以及中国最近发布的精选案例有助于阐明该词的含义。法院在这些案例中为了支持“新质生产力”的发展而采取的行动，能让投资者更好地评估相关机会。Read more

Key Talks in 1992, Court Cases in 2024, and “New Quality Productive Forces”

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Mikhail Denishchenko, Production Technology (Publicdomainpictures.net)

Coined by President XI Jinping in 2023, the term “new quality productive forces” is of great significance because related reforms, with reference to various types of investment, have been identified by the Chinese leadership. Key talks given in 1992 by the late reformist leader DENG Xiaoping and select court cases recently released by China help illuminate the meaning of the term. Actions taken by the courts in these cases to support the development of “new quality productive forces” allow investors to better assess related opportunities.Read more

China’s Third Plenary Session: Implications for Strengthening Deterrence of Accounting Violations

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Axelle B, Euros Handshake (Publicdomainpictures.net)

“强化上市公司监管”和“健全投资者保护机制”是2024年7月18日中国共产党第二十届中央委员会第三次全体会议通过且备受期待的决定中提出的众多改革任务之两项任务。虽然中国新修正的《会计法》可能有助于实现这些目标，但一起由最高人民法院判决的案例表明，有需要采取更多措施来有效解决这些问题。Read more

China’s Third Plenary Session: Implications for Strengthening Deterrence of Accounting Violations

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Axelle B, Euros Handshake (Publicdomainpictures.net)

“Strengthening the regulation of listed companies” and “improving the mechanism for protecting investors” are among the many reform tasks identified in the widely anticipated decision adopted at the third plenary session of the 20th Central Committee of the Communist Party of China on July 18, 2024. While China’s newly amended Accounting Law may help accomplish these goals, a case decided by the Supreme People’s Court suggests that additional measures are required.Read more