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Introduction Of Patent Term Extension To The New Chinese - Intellectual Property

To print this article, all you need is to be registered or login on Mondaq.com. In order to encourage the development of innovative pharmaceutical companies in China, patent term extension (PTE) is introduced for the first time to the amended Chinese Patent Law that will take effect from June 1, 2021. PTE was first introduced from the Hatch-Waxman act of the U.S in 1984, with the aim to make up for the time taken for the clinical trials and market approval of a drug. At the beginning of 2020, PTE was mentioned in the Economic and Trade Agreement Between China and the U.S, and then was added to Article 42 of the new Chinese Patent

Economic substance update: COVID-19 concessions, self-managed funds and partnerships

Introduction For many Guernsey tax-resident companies, the onset of the COVID-19 pandemic created difficulties in complying with economic substance requirements. Guernsey tax-resident companies carrying out certain relevant activities must comply with the substance requirements set out in the Income Tax (Substance Requirements) Implementation Regulations 2018 (as amended) (the regulations). In particular, these include requirements that a company s activities be directed and managed from Guernsey, and that certain core income-generating activities (CIGAs) be carried out in Guernsey. Difficulties which such companies have encountered over the past year have included the fact that: directors and other decision makers who might normally travel to Guernsey to attend board or other meetings in person could not do so because of travel restrictions; and

Минюст подготовил законопроект о наделении его доступом к банковской тайне

Минюст подготовил законопроект о наделении его доступом к банковской тайне
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