China Issues New Rules Against Price Fixing
On December 29, 2010, the National Development and Reform Commission promulgated Regulations against Price Fixing (the “Regulations”) which will take effect on February 1, 2011.
Continue Reading...China's Supreme People's Court Issues Notice on Trial of Cases Involving Transfers of Nonperforming Assets to Foreign Investors
According to the Supreme People’s Court, when foreign investors purchase non-performing assets from Chinese firms and collect payments from the original borrower/guarantor it somehow changes the nature of the original guarantee. Consequently, on October 27, 2010, the Supreme People’s Court issued Notice on Trial of Cases Involving Issues of Validity of Guarantee Contracts Related to Use of Foreign Investment by Chinese Companies in Dealing with Nonperforming Assets (the “Notice”) in an effort to provide some guidance on such matters.
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