DECODING THE NEW NORMAL Change and Constancy in a Transformed World
Annual Review 2019/20
Annual Review 2019/20
As China transforms from being a major user of intellectual property into a very significant producer and creator of intellectual property, Chinese companies are increasingly finding themselves needing to protect their intellectual property as they expand into overseas markets. Often, this involves having to protect their intellectual property in the courts. For various reasons, including lack of experience, Chinese companies usually have little guidance when responding to IP litigation initiated by U.S. high-tech companies before the U.S. courts.
With our huge experience, Fangda’s IP team has reviewed and researched the IP litigation cases that Chinese companies have faced in the U.S. in recent years. In this Blue Paper, we provide detailed analysis and practical suggestions for Chinese companies on how to mitigate the risks of being sued in the U.S., how to improve management of their intellectual property, how to respond to legal actions in the U.S., and how to control litigation expenses, among other useful tips and pointers. In addition, we offer guidance on both procedural and substantive defense strategies with specific reference to patent and trade secret litigation in the U.S.
2019 marked the third full year since the holding of the Fifth National Financial Work Conference, which was a landmark event heralding the transformation of China’s financial services industry. During the year, financial regulation underwent significant change, the market was further opened to foreign participation and, generally, the process of market reform accelerated. Some notable developments included the launch of the STAR market, the trialing of the registration system, commercial banks being permitted to open wealth management subsidiaries, and the implementation of the loan prime rate (LPR) as the benchmark lending rate. The combined result of these changes spelled out major opportunities for businesses in financial services.
We have been working in the financial services industry for many years. We have a deep understanding of the market, which we know is very important for our clients. We look forward to discussing with you the direction in which financial services in China is headed, talking you through judicial thinking, reviewing recent reforms in China’s financial policy, and giving insight into likely developments. To this end, we have prepared this Annual Financial Regulatory Report (2020) to provide practical and forward-looking guidance, covering milestone events, main regulatory developments and key trends in the banking, securities, asset management, financial technology and insurance sectors.
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