New regulations released by SAFE promoting cross-border IPR
On 24 July 2013, State Administration of Foreign Exchange (SAFE) released Guidelines for Foreign Exchange Administration of Trade in Service (Guideline) and its implementation rules, The Detailed Rules for Implementing Guidelines for Foreign Exchange Administration of Trade in Service (Implementation Rules), both of which took effect on 1 September 2013.
There are many facets surrounding foreign exchange, but we have looked specifically into these new rules to see how they will affect cross-border IP transactions such as payment for trademark licensing or import/export technologies.
In summary, the Guideline and the Implementation Rules simplify the documentation requirements for transferring royalty payments outside China generally and if the amount of the transaction is equal to or below $50,000 (£32,000) the requirements are even less…
If you are registered and logged in to the site, click on the link below to read the rest of the Hogan Lovells briefing. If not, please register or sign in with your details below.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The new Companies Ordinance (Cap. 622), which came into effect on 3 March 2014, is a substantial rewrite of Hong Kong companies law.
Employment News — 14 April 2014: the final straw — employer entitled to take strict view in light of previous warnings
Before his dismissal, the claimant in Disotto Food Ltd v Carlos Santos for misconduct he had been given three warnings about his conduct.
Analysis from The Lawyer
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump
When a firm shouts loudly about a landmark merger, as SJ Berwin did when it joined forces with King & Wood Mallesons, departures are always likely to come under the spotlight.