Professional Interpretation

At the end of last year, China revised the "Personal Income Tax Law of the People's Republic of China" and the "Implementation Regulations", which have been officially implemented since January 1 this year. The new tax regulations refer to international practice and determine whether the individual is a “resident individual” in the sense of tax law by whether the individual has a domicile in China, the length of stay in China, and the frequency of departure and the length of departure. At the same time, the new tax law stipulates the tax liability and obligation exemption for “resident individual” and “non-resident individual” respectively. However, due to the lack of clarity in the provisions of the new law and regulations, many confusions have arisen in the actual application process. Therefore, the Ministry of Finance and the State Administration of Taxation jointly issued the "Announcement on the Judgment Standards for Individuals' Living Time without Residency in China" on March 14 to eliminate relevant practical obstacles.<span id="__kindeditor_bookmark_start_21__"></span>

<span style="font-size:12.0pt;font-family:;">The recent Bingbing Fan reappears and her tax evasion case have drawn people’s attention on film industry again, this essay intend to give a brief introduction to the basic law on film industry rule. On March 1, 2017, the first law in the culture industry in China, Film Industry Promotion Law of the People’s Republic of China,&nbsp;came into force. It somehow reflects the attitude of the Chinese government toward local blooming film industry and exerts the impact on national cinema.</span>

China’s opening to the outside world started from foreign investment related legislations. Over 40 years, along with the deepening of the reform and open-up, the current laws and regulations prescribing the foreign investment issues have been in great difficulties to be adapted to cover the needs of the practice in the new era.&nbsp;

<span>Under the dual effects of government regulation and downward economic pressure, many real estate enterprises have begun to explore new investment opportunities. With the rapid development of the old-age industry in China, the senior housing real estate is favored by the real estate enterprises. However, in the absence of a replicable mature business model, it is necessary for the real estate enterprises to solve the problems of exploring the development path of the senior housing real estate suitable for the characteristics of the enterprise, and to prevent the legal risks. The Real Estate and Infrastructure Team of Beijing Docvit Law Firm will launch a series of articles to analyze the development mode of the senior housing real estate from many angles, and provide the whole process legal service for the real estate enterprises engaged in the aged service industry.&nbsp;</span>

At the beginning of 2013, Cameron, then prime minister of the United Kingdom, called for a referendum to decide whether the United Kingdom would withdraw from the European Union. Today, the United Kingdom has had more than six years of "Brexit". After repeated discussions, consultations and negotiations, the end of the "Brexit" war will still be inconclusive. The uncertainty of the "Brexit" results has caused turbulence in the UK's domestic political and economic situation, the financial commercial market, the British pound exchange rate and national consumption, and also affected the changes in the world's political and economic structure.

<span style="font-family:Microsoft YaHei;font-size:16px;">In recent years, with the rapid development of private equity funds, state-owned enterprises (as well as central and local governments or affiliated departments and directly affiliated institutions directly as capital contributions, the same below) have been deeply integrated with private equity funds through various forms. How to determine the state-owned nature of private equity funds, and whether private equity fund transfer of state-owned assets must be entered into the exchanges?</span>

<span style="font-size:16px;font-family:Arial;">On March 15, 2019, on the second session of the thirteenth National People’s Congress (“NPC”) the Foreign Investment Law in People’s Republic of China (hereinafter referred to as this Law) was adopted and will take effect as of January 1, 2020. With several rounds of comments solicitation and revisions, this newly adopted Law is one of the most spectacular highlights in this NPC session and taken as a milestone for China’s higher-level opening up.<span style="font-size:16px;font-family:Arial;">In this article <span style="font-size:16px;font-family:Arial;">partner&nbsp;Cathy Chen Law of Beijing DOCVIT Law Firm</span> will explore some highlights under the legal framework of this Law, the roles of Chinese government, the challenges for the implementation and preparation called for.</span></span>

<p class="MsoNormal"> <span><span style="font-family:;"><span style="font-size:16px;">In recent years, sports industry and sports consumption have become an important driving force to promote economic growth, so there will often be leasing of sports venues on the allocated land. Relevant laws and regulations have made provisions on the lease of allocated land use rights and above-ground buildings, but the effect of the lease contract signed in violation of the laws and regulations is not specified. The Sports Business Team of Beijing Docvit Law Firm will introduce the connotation, characteristics and restrictive provisions of the allocated land, and will</span><span style="font-size:16px;">&nbsp; </span><span style="font-size:16px;">analyzes the validity of lease contracts for sports stadiums on allotted land in combination with judicial cases.</span></span></span> </p>

<span>Plaintiff (hereafter as P) lent the Defendant (hereafter as D) a factory. After signed the lease, D furnished the factory then started the operation. Later, said factory was included in the area of eminent domain, D is forced to stop producing and move out. D believes that since the production is paused due to eminent domain, D shall not bear rent during the move. P sued and request for rent. D raises a counterclaim asking P for cost of furnish. The court held that: "The lease over the illegal property shall be invalid. Since the concerned factory is on collective owned land and the building itself never be listed in the zoning plan, thus the building itself is unlicensed." Which leads to an issue, when the lease is deemed invalid, how does the lessor and the lessee bear the responsibility?</span>

<p class="MsoNormal"> <i>Guidelines on Debt Financing Instruments of Overseas Non-financial Enterprises (for Trial Implementation)</i>&nbsp;(the "<b>Guidelines</b>") on January 17, 2019.&nbsp; The Guidelines provides specific rules and operational requirements for overseas non-financial enterprises to issue debt financing instruments in the China Interbank Bond Market. </p> <p class="MsoNormal"> <br /> </p>