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Gibson Dunn | 2020 Year-End German Law Update

January 14, 2021 In 2020, the COVID-19 pandemic taught the world another lesson about the unpredictability of life. Each country responded to the challenges posed by the pandemic in its own way. The German Government in its familiar technocratic and sober approach quickly unlocked massive financial resources to mitigate any immediate economic damage. It supported a further relaxation of the purse strings at EU level and put legislative acts in place that helped manage the uncertainty in the most affected industries for now. Hit by a second wave of the pandemic in an unexpectedly hard way, Germany is now left wondering whether the country really was smart in the spring or just lucky. The new year 2021 will provide the answer to this question.

U S faces a critical resource race with China

China Issues Rules Governing National Security Reviews of Foreign Investment | All Alerts & Newsletters

Dec.23.2020 On December 19, 2020, China’s National Development and Reform Commission (“NDRC”) and Ministry of Commerce (“MOFCOM”) released anticipated “Measures for the Security Review of Foreign Investments” (the “Measures”). These Measures, which implement China’s Foreign Investment Law that went into effect on January 1, 2020, and established the country’s new foreign investment regulatory framework, are effective on January 18, 2021. For purposes of the Measures, “foreign investment” refers to the investment activities carried out by foreign investors directly or indirectly within China, including the following circumstances: if foreign investors invest, solely or jointly with other investors, in new projects or companies in China;

China s Export Control Law enables trade retaliation - Oxford Analytica Daily Brief

China s Export Control Law enables trade retaliation - Oxford Analytica Daily Brief
oxan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oxan.com Daily Mail and Mail on Sunday newspapers.

Even Steven – Watching America

Posted on December 19, 2020. Columnist Natalia Portiakova discusses how China secured a right to reciprocity regarding United States trade sanctions. This week, China issued a new Export Control Law. The new law is an all-encompassing list of national regulations, which has unified and updated certain provisions of six previous laws on trade and export. Most importantly, the new law has reinforced Beijing’s position with respect to challenging foreign sanctions. As early as at the end of last year, Chinese Commerce Minister Zhong Shan made it clear that the country needed a new law primarily to standardize scattered regulations. However, he did not try to conceal the fact that a range of controlled items and control measures were “not fully reciprocal and balanced with other countries.”

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