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    China financial regulators outlaw Initial Coin Offerings (ICOs)

    Seven (7) financial regulators in China issued a joint statement this week officially banning all Initial Coin Offerings (ICOs) within the People’s Republic of China (PRC). The statement further demands that the proceeds from all past ICOs be refunded to investors or face being “severely punished according to the law.”...
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    Judicial Accountability System implemented by the Supreme People’s Court

    The Supreme People’s Court (SPC) of the People’s Republic of China recently issued tentative opinions on implementation of the judicial accountability system, covering its basic rules, judicial organization, personnel, process, supervision and administration, which took effect August 1, 2017. Panels The opinions provide that a collegial panel shall be composed...
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    Cyberspace court approved for online piracy and e-commerce disputes

    As reported by The Supreme People’s Court of the People’s Republic of China, this month a new cyberspace court was approved by central government to handle the soaring number of online piracy and e-commerce disputes. Cyberspace court The Supreme People’s Court set up the new cyberspace court in April 2017...

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