1) Interpretation on Issues concerning the Specific Application of Law in Handling Building Differentiation Ownership Cases (May 24, 2009) 2) Interpretation on Issues concerning the Specific Application of Law in Handling Property Management Service Cases (May 24, 2009) These are the first two interpretations the Supreme Court issued regarding Property law. The Interpretations attach great…

On May 12, Supreme Court promulgates the Application of the Contract Law (hereafter referred to as “Interpretation”). The Interpretation clarifies issues frequently dealt with the Contract Law in the judicial practice. The Interpretation stipulates the application principle of circumstances change, several issues regarding to the formation and validity of contract which including place of contracting,…

The PRC State Administration of Taxation issued the Notice on “Strengthening the Management of Enterprise Income Tax Collection of Income from Share Transfers by Non-resident Enterprises”, on December 10, 2009 (the “Notice”). The Concept of “Income” for the Purpose of the Notice. “Income” in the Notice is defined as income derived from direct or indirect…