The 2016 Judicial Interpretation on Independent Guarantees formulated and promulgated by the Supreme People's Court of China stipulates strict preconditions for permanent termination of payment under independent guarantees that are irrevocably payable upon presentation of documents.More
2026-09-01ARTICLES Ping Zhao, Stella Lu, Ice Zhang, Tianning Jiang On 21 July 2026, the Hong Kong Court of Appeal, in Jacky Zong & Ors v Kelly Fuli Zong & Anor [2026] HKCA 1292, dismissed the renewed application by Kelly Fuli Zong and Jian Hao Ventures Limited for leave to appeal against the preservation order concerning approximately US$1.8 billion in assets held in an HSBC Hong Kong account, and refused to continue the stay of part of the disclosure order.More
The Maritime Code of the People's Republic of China (“CMC”) completed its first systematic and comprehensive revision on 28 October 2025, and the revision came into effect on 1 May 2026.More
2026-06-24ARTICLES By Peng Jun, Shen Ziying, and Sun Rui On April 27, 2026, the proposed acquisition of Chinese AI company Manus by Meta was blocked by the Foreign Investment Security Review Working Mechanism Office (the National Development and Reform Commission).More
2026-06-24ARTICLES Ping Zhao, Stella Lu, Ice Zhang, Tianning Jiang On April 22, 2026, the Quebec Superior Court of Canada set aside the arbitral award rendered by arbitrator Michel A. Jeanniot in ARIHQ c. Santé Québec. The Court found that the academic literature and case authorities relied upon in the core legal reasoning of the award either did not exist or were unrelated to the propositions for which they were cited.More
2026-04-29ARTICLES Jun PENG, Ziying SHEN, Rui SUN The acquisition of Manus by Meta has attracted widespread public attention since January. There has been intense discussion among various media outlets and scholars around the underlying compliance issues of the transaction. Information released by relevant Chinese government authorities on 27 April 2026 indicates that the Meta-Manus transaction presents compliance issues in relation to China’s foreign investment security review.More