The annual personal foreign exchange purchase facilitation quota is 50,000 US dollars, and corporate cross-border funds must have a genuine transaction background; splitting and evading foreign exchange controls and underground banks are the main targets of crackdowns.
Learn more >
Foreign investment is subject to pre-entry national treatment plus negative list management, with the same rules applying to both domestic and foreign investors outside the list. Prohibited and restricted areas must be verified against the latest version on a case-by-case basis.
Learn more >
If the franchisor fails to disclose information in accordance with the law or discloses false information before signing the contract, the franchisee may terminate the contract and request a refund of the franchise fee. The franchisee may also unilaterally terminate the contract during the cooling-off period.
Learn more >
General partners bear unlimited joint and several liabilities for the partnership's debts, while limited partners are liable only up to the amount of their contributions. The timeframe of joining or leaving the partnership determines the boundaries of their liabilities.
Learn more >
The core of the determination of personality confusion is the confusion of property. If a shareholder abuses the independent status of the legal person to evade debts and seriously damages the creditor's interests, the shareholder shall bear joint and several liability for the company's debts.
Learn more >
The shareholders who withdraw their investment funds without authorization shall return the investment funds and compensate for the losses, and the assistants shall be jointly and severally liable; when the company is unable to pay off its debts, the creditors may pursue claims against the shareholders within the scope of the withdrawal of investment funds.
Learn more >
The judicial protection cap for private lending interest rates is four times the one-year LPR at the time of the contract's establishment. Occasional lending between enterprises is valid, but professional lending is illegal.
Learn more >
To terminate the contract, there are three paths to follow: negotiation, agreement, or legal procedures. It is crucial to leave a written record of the notice. Moreover, the right to terminate the contract is subject to a statute of limitations, and any failure to exercise this right within the prescribed timeframe will result in its loss.
Learn more >
Force majeure may partially or entirely exempt a party from liability depending on the extent of its impact, provided that the party promptly notifies the other party and proves the causal relationship. Liability shall not be exempted if it occurs after the performance is delayed.
Learn more >
If the penalty for breach of contract is excessively higher than the actual losses, the party concerned may request the court to reduce it. In judicial practice, the reference standard is 130% of the losses. The party claiming adjustment shall bear the burden of proof.
Learn more >
The declaration of a trademark as invalid is divided into two categories: absolute grounds and relative grounds. The five-year time limit and the exception for malice are key points. After the trademark is declared invalid, it is deemed to have never existed from the outset.
Learn more >
If a trademark is subject to an objection, the respondent shall provide a defense within 30 days, and organize evidence based on three aspects: non-similarity, non-confusion, and the absence of prior rights. Failure to provide a defense will result in the automatic loss of rights.
Learn more >
A registered trademark may be subject to revocation if it is not used for three consecutive years. Maintaining standardized evidence of use is the key to addressing the "three-year non-use" issue. Defensive registration requires a corresponding usage strategy.
Learn more >
The background music played in the live stream room constitutes commercial use, and its unauthorized use constitutes infringement; the platform's music library does not equal commercial authorization, and the compensation is related to the nature of the live stream content.
Learn more >
The protection of trade secrets involves three approaches: civil claims, administrative reports, and criminal reports. The success or failure of such protection depends on three key factors: the secrecy of the information, its commercial value, and the measures taken to keep it confidential.
Learn more >
