Unreliable Entity List

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Year 2020 definitely is a milestone year for China in building up and strengthening its regulatory legislation in the field of international trade.  Following the Regulations on Unreliable Entity List (“UEL”), the Export Control Law came out on October 17 and will come into effect on December 1, 2020.  Obviously, this Export Control Law of the PRC (“Export Control Law”) is one of the most important bricks to China’s regulatory Great Wall in the ongoing trade war to protect its key national security and interests.

Here is our quick bird’s-eye view of this new Export Control Law and some preliminary thoughts on its possible impact to the future cross-border transactions and multinationals’ China operations.
Continue Reading New Export Control Law: China Strengthens its Regulatory “Great Wall”

On September 19, 2020, China took a new strategic position in its ongoing trade confrontation with the United States. The Ministry of Commerce of the PRC (“MOFCOM”) issued Regulations on Unreliable Entity List (“UEL”) and drew wide public attention to the beginning of the PRC government’s retaliation against the Trump Administration’s recent restrictions on Chinese entities including Huawei, TikTok and WeChat. It is notable that MOFCOM deliberated with more than a year of internal discussion before implementing the UEL.
Continue Reading Certainties and Uncertainties Under China’s New Unreliable Entity List