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China's New Anti-Foreign Sanctions Law: How Businesses Should Prepare

2021-08-03
On June 10, 2021, the National People’s Congress Standing Committee passed the Anti-Foreign Sanctions Law, just two days after the body announced that the draft was undergoing a second round of revisions. Policymakers hastily passed the Law in the context of sanctions placed by the US, EU, UK, Canada, and others on Chinese officials and organizations. Businesses are assessing their risks following the passing of China’s Anti-Foreign Sanctions Law, as political and economic tensions rise. We examine the scope of the Law.

Featured Business News

Silk Road Briefing

How China Structures The Terms & Conditions For Its Belt & Road Loans

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China's lending practices have been subjected to a great deal of misinformation over the years. However, China's lending contracts are not much different from those offered by other sovereign creditors. There are differences in that they do not as a matter of unspoken policy seem to be tied to any underlying political criteria, and neither does China make any special exemptions for lower income countries in terms of placing a higher rate of return on loans as a criterion for a higher risk.

China Briefing

Applying For Foreign Permanent Residency In China

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Foreigners’ permanent residency in China has been a hot topic in recent years as relevant policies are making the application process more attractive and flexible in first-tier cities like Beijing and Shanghai. China intends to make a regulation integrating all the policies and unify their nationwide implementation rather than continue to have regional and localized polices.

Vietnam Briefing

Maintaining Business Operations During Vietnam's Fourth Covid Wave

08/05/2021

As the fourth wave of the covid pandemic hits Vietnam, the government has issued directives to ensure isolation and maintain production to ensure dual goals of containing the pandemic while ensuring economic activity. While businesses are facing challenges, many have adopted these measures to ensure they can maintain production despite lockdowns and movement restrictions. We examine how businesses can maintain production while looking to the future and adapting to a new normal.

India Briefing

A Guide To India's Special Economic Zones

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Special economic zones (SEZs) in India are areas that offer incentives to resident businesses. SEZs typically offer competitive infrastructure, duty free exports, tax incentives, and other measures designed to make it easier to conduct business. Accordingly, SEZs in India are a popular investment destination for many multinationals, particularly exporters.

China Briefing

China And Afghanistan: Bilateral Trade Relationship And Future Outlook

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ASEAN Briefing

Thailand And The EU Resume Free Trade Negotiations

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The Bigger Picture

Russia Briefing

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Silk Road Briefing

China And Its Existing & Upcoming Belt & Road Free Trade Agreements

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Russia Briefing

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Silk Road Briefing

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Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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