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  • 2016/10/9

    Expropriation and Regulation in the Public Interest

    The international arbitration case regarding the regulation of cigarette packaging between Philip Morris and Uruguay raised questions as to the operation of the police power doctrine in foreign investment disputes[1]. Philip Morris International Inc., a multi-national company headquartered in the United States, successfully relied on the bilateral investment treaty between Switzerland and Uruguay to bring an expropriation claim against the government of Uruguay through its Swiss subsidiary. The dispute arose as to whether the measures taken by the government of Uruguay to implement health warnings and restrict forms of advertising on cigarette packaging amounted to expropriation and if so, whether Philip Morris should be entitled to compensation.

  • 2016/6/27

    DeHeng Involved in Launch of China Antitrust Law Journal

    Frank Fine, the head of DeHeng Brussels and of the firm's international antitrust practice, has announced that he is launching the China Antitrust Law Journal (CHALJ), the first of its kind of the market.

  • 2015/11/5

    The Analysis on the Draft of New Amendments to the Insurance Law

    On October 14th, 2015, the Legislative Affairs Office of the State Council of the People’s Republic of China promulgated the “Decision on Revising the Insurance Law of the People’s Republic of China (Draft for Comment)” (hereinafter referred to as the “Draft for Comment”) and the explanation of the Draft for Comment drafted by China Insurance Regulatory Commission (“CIRC”), and sought for comments and suggestions from the public. In the Draft for Comment, 24 articles are added, 1 article is deleted, and 54 articles are modified based on the current Insurance Law of the People’s Republic of China (hereinafter referred to as the “Current Insurance Law”); thus there will be 9 Chapters and 208 Articles altogether after the revision. The background of this revision is that the insurance industry inis currently undergoing a period of rapid development during which the potential risks become more complicated and some issues emerge, such as that the cost of violation of law is too low. Therefore, some provisions of the Current Insurance Law are no longer suitable for the development of the insurance industry, and need to be revised and perfected.

  • 2015/6/17

    The Chinese Bank Card Clearance Market is Opening: What's Next?

    On April 22, 2015, the Chinese State Council published new rules concerning the bankcard clearance market. [1] From June 1 of 2015, the bankcard clearance market is open to international bankcard organizations,domestic third-party payment institutions and qualified banks.

  • 2014/10/28

    Tax Liquidation by Foreign Invested Enterprises – Handling Missing Fapiao

    By way of brief background, fapiao is an official receipt of tax payment given to tax payers in China. Each fapiao has a unique serial number and therefore is traceable by tax authorities.

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