China, AnJie Law Firm updates

Competition & Antitrust

Contributed by AnJie Law Firm
SAMR continues to scrutinise semiconductor mergers
  • China
  • 30 April 2020

China's merger review practice has not been negatively affected by the COVID-19 outbreak. According to public statistics, in the first quarter of 2020 the State Administration for Market Regulation (SAMR) completed 111 filing reviews, with a slight year-on-year growth of 0.9%. The current economic downturn raises the question of whether the SAMR will relax its antitrust scrutiny to encourage M&A activity. However, recent merger review practice in China suggests that this has not been the case in the semiconductor sector.

Merger control review 2019
  • China
  • 16 April 2020

The year 2019 marked the 11th anniversary of the implementation of the Anti-monopoly Law and was also the first full calendar year since the State Administration for Market Regulation (SAMR) became China's single centralised antitrust enforcement agency. Evidently. the SAMR has become more stringent and detail oriented with respect to the analysis of relevant markets and the competition impact of mergers.

Highlights of AML draft amendment – coming changes to competition law
  • China
  • 27 February 2020

The State Administration for Market Regulation (SAMR) recently published the Draft Amendment to the Anti-monopoly Law (AML) for public comment. The draft amendment demonstrates the SAMR's strong stance on monopoly behaviour and is based on 12 years of antitrust enforcement. It conveys to the public that the Chinese authorities will strengthen enforcement relating to monopoly conduct. This article provides a summary of the draft amendment's main changes and the practical implications thereof.

What's new in revised draft of Anti-monopoly Law?
  • China
  • 20 February 2020

The State Administration for Market Regulation recently released a revised draft of the Anti-monopoly Law (AML) for public comment. In general, the revised draft follows the current AML's basic framework; however, it significantly enhances the legal liability of AML violators. This article highlights key changes proposed by the revised draft and discusses why these changes matter for business entities from a practical point of view.

Antitrust in China – 2019 in review
  • China
  • 23 January 2020

China's antitrust enforcement agencies were reorganised in 2018. As such, new legislation and enforcement actions in 2019 attracted significant attention from practitioners and in-house counsel, with a view to gaining an insight into the new agency's enforcement trends and priorities (if any). This article underlines the most significant developments in legislation, public enforcement and private litigation in 2019.


Insurance

Contributed by AnJie Law Firm
Developments and typical disputes regarding D&O insurance in China
  • China
  • 28 April 2020

In early 2020, the Luckin Coffee scandal drew attention from the insurance, legal and security industries and turned the spotlight on directors' and officers' (D&O) liability insurance policies in China. With the developing pace of the security and insurance markets, the refreshed focus on D&O insurance gives Chinese underwriters plenty to contemplate.

Product innovation: litigation property preservation liability insurance
  • China
  • 21 January 2020

In terms of premium revenue, China is the second largest insurance market in the world. However, regulators and insurers are often frustrated due to a lack of insurance innovation. In response to such frustration, litigation property preservation liability insurance has emerged and become a typical insurance solution to satisfy market demand and address unique Chinese insurance requirements in order to align them with the country's judicial system.

Applicability of right of subrogation in Chinese reinsurance context
  • China
  • 07 January 2020

Insurance subrogation is an important legal mechanism which enables insurers to reduce their losses after insurance indemnities are paid. However, opinions differ as to the application of reinsurers' right of subrogation. This article answers questions which frequently arise in this regard from a Chinese perspective.

Have foreign-invested insurer licences been made available to foreign investors?
  • China
  • 16 July 2019

For foreign investors with an eye on the Chinese insurance market, obtaining an insurance intermediary licence is a good idea. However, compared with insurance brokerage licences, insurance agency licences are difficult for foreign investors to obtain. Therefore, foreign investors that wish to acquire control over a Chinese insurer should consider either setting up a new foreign-invested insurer or acquiring an existing foreign-invested insurer.

Essential provisions in Chinese reinsurance contracts
  • China
  • 09 July 2019

During the past five years, the Chinese courts and arbitration institutions have handled major disputes relating to reinsurance contracts. These cases prompted legislation in the reinsurance sector and drew attention to the need for more careful wording in reinsurance contracts. This article provides an overview of several essential provisions in reinsurance contracts under Chinese law.


Tech, Data, Telecoms & Media

Contributed by AnJie Law Firm
Special governance of illegal collection of personal information by COVID-19-prevention and control apps
  • China
  • 29 May 2020

The Tianjin Cyberspace Administration recently issued a circular which requires the operators of apps (including mini-programs and website tools) for the prevention and control of COVID-19 to fulfil personal information obligations in accordance with the law, provide relevant information on personal information protection online and carry out security-based self-assessments and rectification processes, where required.

MIIT interviews Sina Weblog for data breach issues
  • China
  • 15 May 2020

The Network Security Administration of the Ministry of Industry and Information Technology (MIIT) recently interviewed the party responsible for the Sina Weblog App regarding a data breach caused by malicious use of the user query interface. Sina Weblog replied that it has upgraded its interface security strategy and will perform its data protection obligations according to MIIT's instructions.

NISSTC seeks comments on personal information security guidelines for apps
  • China
  • 08 May 2020

The National Information Security Standardisation Technical Committee recently released the Network Security Standard Practice Guidelines – Guidelines for Personal Information Security Protection by Apps for public consultation. Based on the statistics released by certain assessment tools and the typical issues which have come to light due to the COVID-19 pandemic, the guidelines summarise 10 activities which app operators should avoid.

Personal information should be well protected during COVID-19 pandemic
  • China
  • 24 April 2020

In order to protect personal information during the prevention and control phases of the COVID-19 pandemic, the Office of the Central Cyberspace Affairs Commission issued the Circular on Ensuring Effective Personal Information Protection and Utilisation of Big Data to Support Joint Efforts for Epidemic Prevention and Control. This article examines the circular's main requirements.

Institutions without financial qualifications not authorised to collect sensitive personal financial information
  • China
  • 17 April 2020

The National Financial Standardisation Technical Commission recently issued the Personal Financial Information Protection Technical Specification to regulate the secure management of personal financial information. Based on the damaging effects of unauthorised access to or the modification of such information, institutions without the corresponding financial qualification are not authorised to collect certain types of personal financial information.


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