<p class="MsoNormal"> Offshore business refers to an international financial business that utilizes funds absorbed from non-residents to meet the financial needs of other non-residents. The client is a non-resident and the currency is limited to freely convertible currencies. As a special business organization, offshore companies have played an important role in the operation of international investment, international trade, property protection, international tax planning and other field. Most offshore registration sites have the following traditional features: </p>
<span>Most recently on December 29, 2018, National Development and Reform Commission (NDRC) jointly with other six government authorities issued Compliance Management Guidelines for Chinese Companies Doing Business Overseas (hereinafter referred to as Guidelines for Overseas Business). Compliance is a call for Chinese businesses going global including along the One Belt& One Road, and to a large extent dictates whether the business can succeed or fail. Compliance failures have been found in many bankrupted or problematic outbound projects.</span>
New Draft of Foreign Investment Law2019-02-15<span>A draft of the proposed legislation, Foreign Investment Law (the “Draft”), was presented at a meeting of the Standing Committee of the National People's Congress (NPC) on 23 December 2018. China's legislature is considering a new law governing foreign investment that will streamline existing rules and prevent the forced transfer of technology. The new "unified law" will replace three existing laws on Chinese and foreign equity joint ventures, non-equity joint ventures and wholly foreign-owned enterprise. </span>
Bitcoin Transactions In view of China2019-01-22<p class="p" align="justify" style="text-align:justify;background:#FFFFFF;"> <span style="font-family:" font-size:16px;background-color:#ffffff;"="">With the continued depreciation of the RMB, the net outflow of capital has increased, and the risk of foreign exchange loss has intensified. The SAFE has strengthened supervision over the exchange of arbitrage. It seems that only the virtual currency trading platform is still outside the direct supervision of foreign exchange. However, in September 2017, the People's Bank of China, the Central Network Information Office, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission on the Prevention of the Risk of Issuing Token Financing" (hereinafter referred to as "Announcement" ), which cut off the exchange between virtual currency and fiat money in China, thus fundamentally curbing the tendency to use tokens to circumvent foreign exchange controls. The International Department of Beijing Docvit Law Firm intends to analyze the reasons and inevitability of the prohibition of Bitcoin transactions from the perspective of foreign exchange supervision.</span> </p>
<b>Abstract</b><span>: The risk management of sports events is a systematic and complex project. With the increase of sports events held in China, the risk management of sports events is getting more attention from organizers. What measures should be taken to avoid and deal with the risks in the implementation of sports events has become the primary consideration of organizers and managers. </span><b>The Sports Business Team of Beijing Docvit Law Firm </b><span>will analyze the legal risks in sports events and make suggestions on how to deal with them.</span>
<p class="MsoNormal"> At present, the United States and Hong Kong capital markets are the most popular choices for domestic companies to list overseas. Due to its important position in the world capital market and special geographical location, listing in Hong Kong is the best choice for many domestic companies. However, many applicants have recently been rejected by the Hong Kong Exchanges and Clearing Market (including Main Board and GEM). This note by <b>the International Affairs team form Beijing Docvit Law Firm</b><b> </b>briefly discusses the reasons for the failure of listing in Hong Kong. </p>
<span style="font-family:" font-size:16px;"="">In recent years, the number of mainlanders who have purchased insurance in Hong Kong has shown a sharp upward trend. Compared with similar products in the Mainland, Hong Kong's insurance has the characteristics of low rates, high returns and wide coverage, which are the most important factors in attracting mainland policyholders. However, overseas insurance policies are not suitable for everyone. Those who go to Hong Kong to buy insurance should buy appropriate insurance from the actual situation. This note by the International Affairs team form Beijing Docvit Law Firm briefly discusses the risk analysis of Hong Kong insurance.</span>
<p class="MsoNormal"> The Internet broadcast rights of sports events is the result of a combination of sports and new media. The broadcast of sports events dates back to the 1936 Olympic Games in Berlin. The rapid development of network technology has greatly expanded the way and content of sports events broadcast. At present, the legal concept of internet broadcast rights for sports events is not clear in China, and the protection measures are not perfect. <b>The Sports Business Team of Beijing Docvit Law Firm </b>will analyze the legal nature of internet broadcast rights of sports events and discuss the legal protection issues. </p>
<span>subrogation right, which is the guarantors recourse right against the debtor after the guarantor paying back for the debtor. In the dispute arising between guarantor and DOCVIT dispute resolve team will discuss today is if the jurisdiction agreed upon on in the main contract should be applied or the statutory jurisdiction should dominate when to exercise the subrogation right.</span><b> Beijing DOCVIT dispute resolve team</b><span> will discuss this problem.</span>
<p class="MsoNormal"> <br /> </p> <p class="MsoNormal"> At present, the United States and Hong Kong capital markets are the most popular choices for domestic companies to list overseas. Due to its important position in the world capital market and special geographical location, listing in Hong Kong is the best choice for many domestic companies. However, many applicants have recently been rejected by the Hong Kong Exchanges and Clearing Market (including Main Board and GEM). This note by the International Affairs team form Beijing Docvit Law Firm briefly discusses the reasons for the failure of listing in Hong Kong. </p> <p> <br /> </p>
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2018 Blue Book of Legal Health of China's Insurance Industry includes Part I Legal Health Index Report on Insurance Industry and Part II Special Legal Report on Insurance Industry. Among which, the Legal Health Index Report on Insurance Industry is the second report issued by Green Legal Global Alliance (GLGA) after it successfully issued the first Legal Health Index Report on Insurance Industry in 2018. The index can comprehensively and intuitively reflect the overall legal health status of the insurance industry in the past three years.
Based on an in-depth study and research on the overall non-performing asset industry, Green Legal Global Alliance Research Institute and Beijing Docvit Law Firm jointly complied 2018 Blue Book of China's Non-Performing Assets with certain academic and public welfare, hoping to bring guidance to the industry and reflect the innovation of the non-performing asset industry itself.
Legal Health Index Report on Listed Companies among Central SOE (A-shares) is the first index report on the health development of listed companies among central SOE (A-shares) in the market with legal health-oriented and judging criteria. It is the first index report on listed companies among central SOE (A-shares) with public welfare and academic nature launched by a third party, and it is an innovative measure for researching and evaluating the listed companies among central enterprises (A-shares) as a new perspective.
Docvit News | Mr. XI Xiaohong, senior adviser of our firm, was invited to attend "CBLJ Forum 2019" and delivered a wonderful speech Docvit News | Director LIU Guangchao was employed as the instructor of the 11th "Sunshine Growth Program for Young Lawyers" of Beijing Lawyers Association Docvit News | A number of management leaders of our firm inspected the progress of a major project and expressed sympathy to the front-line lawyer team Docvit News | Beijing Docvit Law Firm Hong Kong Branch has obtained the recommendation letter from All China Lawyers Association and furthered the pace of internationalization
Achievements of Docvit | We managed to win the bid for the legal service institutional repository of China National Nuclear Corporation Achievements of Docvit | We managed to win the bidding for the alternative repository of legal services intermediary institution of China Petroleum & Chemical Sales Co., Ltd. Shanxi Branch Achievements of Docvit | We managed to enter into contracts with several institutions and would provide regular legal services for them. Achievements of Docvit | We managed to get shortlisted in the external non-litigious lawyer repository of China Chengtong Holdings Group Ltd.
With the launch of the "Fellow Program", Docvit hopes to unite with the like-minded lawyers of the country to build a career platform and realize their career dreams together. "Fellow Program I" aims to recruit partners, business partners and executive directors for the Docvit Branch in China.
"Fellow Program II" aims to recruit partners and lawyers for Docvit Headquarters and Beijing Office across the country and around the world to become what the industry, Docvit itself, market and clients want.
"Fellow Program III" aims to recruit partners for national branches of Docvit nationwide and globally. Docvit's national and global development blueprints require more partners to draw together, and let us work together to create a respectable law firm.
[08/31]Forum on Insurance & Insurance Asset Management Industries’ Innovation and Legal Health Development under the New Pattern of Financial Opening-up and Release Conference of Blue Book of Legal Health of China’s Insurance Industry 2018 (Index & Special Reports)At present, China’s financial open-up has entered a substantial promotion stage, and as an important link thereof, opening-up of insurance industry plays a unique role in financial opening-up. Under the new opening-up pattern of finance and insurance industry, and in the new situation of pan-asset management and integrated development, it has become an urgent topic to discuss and study how China’s insurance asset management institutions should grasp development opportunities, meet challenges head on, how to promote standardized transformation and sound development of the insurance and insurance asset management industries, and how to achieve innovation and high-quality development in compliance.
[08/17]Launch ceremony of DOCVIT bond default dispute resolution new product line and seminar on bond default disposal and bond market development under the new normal of economyHalfway through 2019, how will the bond market perform in the second half of the year? How will various factors affecting the bond market work? Where are the investment opportunities? How do bond default disposal and bond market develop under the new normal of economy? In order to discuss the above issues in depth, Beijing DOCVIT Law Firm will hold a seminar “bond default disposal and bond market development under the new normal of economy”. At the seminar, DOCVIT bond default dispute resolution new product line will be released; the product line studies and analyzes the development environment of China’s bond market and the problems and challenges facing its dispute resolution in the context of the new normal of economy and, from a legal perspective, explores the new ideas on bond default disposal in the context of tighter regulation.
[08/03]3rd Forum on China’s Economic Development and Legal Regulation and Release Ceremony of GLGA Blue Book of China’s Non-performing Assets 2018In recent years, in the face of a complex international environment and arduous tasks of domestic reform, development and stability, China's economy has maintained a generally steady development trend. However, the Sino-US trade issue is still unresolved and, given the aftershocks of domestic market’s breaking the rigid payment, can China’s economy maintain low volatility and high-quality, stable development in the future? And what opportunities and challenges will China’s macroeconomic development face?