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.

Briefings from Hogan Lovells

View more briefings from Hogan Lovells

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Atlantic House
Holborn Viaduct
London
EC1A 2FG
UK
http://www.hoganlovells.com

Turnover (£m): 1,030.00
No. of lawyers: 2,280
(UK 200)
Jurisdiction: UK
No. of offices: 9
No. of qualified lawyers: 206 (International 50)

Jobs