BUSINESS
LAW DIGEST
To share or not to share? Court backs firing over salary disclosure
A Shanghai court upheld a company’s right to fire an employee for violating its salary confidentiality policy
China introduces anti-foreign sanctions implementation law
China issues implementation act enabling countermeasures against foreign sanctions and related entities
New rules to regulate facial recognition technology
New rules on face recognition in China take effect June 2025, aiming to balance security, innovation and privacy compliance.
China’s VAT regime enters new era
China passes VAT Law on 25 Dec 2024; to take effect on 1 Jan 2026
Audit rules issued on personal information protection
China's new personal information compliance audit measures will take effect on May 1, 2025
HK introduces draft law on critical infrastructure cybersecurity
Hong Kong introduces draft bill for critical infrastructure cybersecurity
Hong Kong proposes re-domiciliation regime
Hong Kong proposes a re-domiciliation regime for foreign companies
Does unapproved overtime mean no pay?
Many employers mandate pre-approval or retroactive recognition of overtime in contracts or regulations
Issues for employers over extended statutory retirement age
China's aging population prompts talks on raising low statutory retirement age, straining pension funds
Guarding trade secrets in AI era
Trade secrets are the driving force of competitiveness for enterprises, particularly if technology-based
Shanghai court rules against employer in personal data violation
The Shanghai High People's Court recently ruled that an employer infringed by using a former employee's information
Hong Kong clarifies law on Quistclose trusts
Hong Kong’s Court of Final Appeal addressed the test for Quistclose trusts, emphasizing the importance of intent regarding fund use
DeHeng and Jingtian steer Insta360’s RMB1.9bn IPO
DeHeng and Jingtian & Gongcheng advised Insta360 on its RMB1.9b IPO debut on Shanghai’s Star Market after 5 years
Firms lead on ThaiBev’s USD2bn multicurrency debt issuance
TTT+Partners, WongPartnership & Linklaters advised ThaiBev on its USD2b multicurrency debt programme on SGX
Firms guide GDS USD550m convertible senior notes
GDS Holdings has recently issued convertible senior notes and a delta placement of borrowed ADSs
Investing in distressed debt in India
A&O Shearman explores what makes distressed debt investment a popular trend amongst foreign investors
