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CHINA | Stop Acting Against National Interests

On 10 June 2021, the Standing Committee of the National People’s Congress (“NPC”) adopted the Anti-Foreign Sanctions Law of the People’s Republic of China.

The Anti-Foreign Sanctions Law (‘AFSL’) establishes the regulatory framework for foreign persons, both legal entities and individuals, acting against China’s national interests.

For foreign companies and individuals working in or with China, AFSL significantly impacts external communications and public relations.

Previously, several fashion multinationals faced criticism in China for boycotting cotton produced in Xinjiang province. Under the AFSL, […]

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CHINA | Why Liquidating Your Company is a Must

Foreign investors may decide to close their China operations for various reasons. Closing operations in China involves dissolving and liquidating the company.

Abandoning a company without completing the legal requirements can result in severe penalties for personnel and the company. Specifically, the personnel and company can be blacklisted, and individuals may not re-enter China or face visa difficulties. We strongly recommend a proper and thorough liquidation to reduce risks. Below, we provide a Q&A for foreign investors to understand […]

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Russia: transazioni internazionali in rubli, ma soggette a controlli severi

In Russia, come in altri paesi, le transazioni internazionali vengono sempre più spesso regolate in valuta nazionale. In questo caso il rublo. Un vantaggio e una semplificazione, che non è comunque esente da vincoli severi. I pagamenti in rubli, sia in entrata sia in uscita dal paese, sono infatti sottoposti a controlli rigorosi predisposti dal governo e dalla Banca Centrale Russa.

Proprio come i trasferimenti in valuta estera, anche quelli nella valuta nazionale – soprattutto se riferiti a rapporti economici tra […]

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