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While trade tensions among various countries continue to cast dark clouds over the global economy, the Chinese government has been demonstrating to the world its firm resolution to accelerate the opening-up of its economy to foreign investment.
2019 marks more than four decades of China’s reform and in recent years China has really accelerated its opening up to foreign investment.
The Supreme Court in England recently reversed our understanding of the effectiveness of “no oral modification or variation” clauses (“NOM clauses”). Until the case of Rock Advertising Limited v MWB Business Exchange Centres Limited [2018] UKSC 24, it had always been assumed that NOM clauses were of limited effect, but that is no longer the case.
On July 5, 2019, the People’s Republic of China Cryptography Law (Draft) (the Cryptography Law) was issued by the Standing Committee of the National People’s Congress, along with an invitation for submissions to be made as part of a public consultation.
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