News - ICL Consulting

UncategorizedChina’s AI Regulatory Landscape: Current Laws and Emerging Standards

September 22, 20240

China’s approach to regulating artificial intelligence (AI) reflects its ambition to lead in both innovation and governance. With the rapid expansion of AI technologies across industries, the government has introduced comprehensive laws and draft standards to address the ethical, security, and operational challenges posed by AI. This article explores key regulations, including the Provisional Measures...

Dispute ResolutionArbitration Law is currently under revision: Supreme Court Announcement

September 13, 20240

On September 9, during a press conference hosted by the Supreme People’s Court, the 2023 Annual Report on Judicial Review of Commercial Arbitration was unveiled. The Report showcases significant developments in China’s arbitration sector, particularly the ongoing revision of the Arbitration Law initiated by the Ministry of Justice. Yang Xiangbin, Director of the Public Legal...

CorporateChina’s New Business Regulations: What You Need to Know to Stay Ahead!

June 21, 20240

China is rolling out a series of new regulations that will significantly impact the business landscape. Companies operating in China need to stay informed and compliant to thrive. Here’s an overview of the key regulations: 1. Beijing’s ESG Development Plan (2024-2027) Beijing has launched an “Implementation Plan for Promoting High-Quality Development of the ESG...

UncategorizedExciting Changes in the PRC Company Law: What You Need to Know!

June 13, 20240

China’s business landscape is getting a significant upgrade! The 2023 revision of the Company Law of the People’s Republic of China (PRC) is set to take effect on July 1st, 2024. These changes mark a big step forward in corporate governance, legal protections, and overall business environment improvement. Here’s a quick look at some of...

Corporate InternationalBeijing Introduces Comprehensive Regulation to Boost Foreign Investment

June 6, 20240

Starting July 1, 2024, Beijing will enforce the “Beijing Special Regulation on Foreign Investment,” a landmark initiative aimed at further opening the city to global investors. This regulation, passed by the Standing Committee of the 16th Beijing Municipal People’s Congress, underscores Beijing’s commitment to creating a more favorable and reliable business environment for foreign enterprises....

Labor & EmploymentChina Extends Key Unemployment Insurance Support for Businesses

May 21, 20240

The Ministry of Human Resources and Social Security (MOHRSS), in collaboration with the Ministry of Finance and the State Taxation Administration, recently issued the Circular on Extending the Favorable Unemployment Insurance Policies to Support Enterprises in Stabilizing Employment. According to the Circular, China will extend three key policies aimed at assisting businesses and residents. To...

UncategorizedChina Simplifies Renewal of Work Residence Permit

April 12, 20240

Renewing a work permit and residence permit has never been a short process: in the past, it required to first apply to for the issuance of a work permit (in principle, 5 working days) and afterwards apply for the renewal of the corresponding residence permit (another two week of waiting time, which the applicant will...

Corporate InternationalCultivating Opportunity: China’s New Initiatives to Welcome Foreign Investment

March 21, 20240

On February 28th, 2024, the General Office of the State Council unveiled the Circular Introducing the Action Plan for Advancing High-level Opening-up and Strengthening Efforts to Attract and Utilize Foreign Investment. This circular outlines 24 measures spanning five key areas, including: Streamlining the Negative List by reducing restricted sectors and expanding the Encouraged...

ContractSafeguarding Transactions: The Significance of Well-Drafted Commercial Contracts in China

March 6, 20240

In the fast-paced and dynamic business environment of China, the cornerstone of any successful commercial transaction lies in a meticulously crafted contract. Whether you’re engaging in a partnership agreement, sales contract, or joint venture arrangement, the importance of a well-drafted commercial contract cannot be overstated [for more info watch our video by clicking this link...

IPRSecuring Success: The Importance of Registering a Trademark in China

March 5, 20240

[please see our video by clicking Trademark Protection (website)] For businesses eyeing expansion into the dynamic market of China, one strategic move stands out as paramount – registering a trademark. The significance of this step cannot be overstated, and here’s why: 1. Protection Against Infringement: Unique Brand Identity: Registering a trademark in China establishes your...

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