Q&A with Claudia Salomon
We speak with Claudia Salomon, recently elected President of the ICC International Court of Arbitration, the first woman President of the ICC Court in its almost 100-year history.
On Monday, China’s National Development and Reform Commission (NDRC), Ministry of Commerce (MOFCOM), Ministry of Foreign Affairs, People’s Bank of China, and the All China Federation of Industry and Commerce announced a rule, for the first time, to regulate private companies’ overseas investments and operations. NDRC and MOFCOM are required to guide POEs in implementation of the new rule.
In the release of the new rule, there are two highlight requirements:
It is important to note that at this stage, there is no clarification on:
As it stands, below are some of the direct impacts on POEs:
We will be keeping a close eye on further developments and aim to keep you apprised. If you have any questions regarding the new rules as it stands, please feel free to contact Wang Yi.
In September 2021, the Grand Chamber of the Court of Justice of the European Union (CJEU) published a much-anticipated decision in Moldova v Komstroy (Case C 741/19) (Moldova) concerning the validity of the investor-State dispute settlement mechanism in the Energy Charter Treaty (ECT).
© Norton Rose Fulbright LLP 2021