In Pekingnology newsletter just published, I gave details as how China modeled Saturday's MOFCOM Rules on the EU's blocking statute, and asked one question that's been missing from major media news coverage so far: does it even apply

by @ZichenWanghere https://pekingnology.substack.com/p/china-adopts-eu-style-blocking-statute?r=64jye&utm_campaign=post&utm_medium=web&utm_source=twitter

Does China's Rules on "Counteracting Unjustified Extra-territorial Application of Foreign Legislation" apply to U.S. firms following U.S. laws, aka "primary sanctions?"
All the media reports so far suggest YES, but really?
(w/ thanks to HK-based lawyer Nick Turner of @SteptoeLLP

Again, the Pekingnology newsletter is a personal one that only reflects my own views. So this is neither official nor authoritative. And certainly, it's not legal or investment advice.
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