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Greater China Practice

Chinese E-Commerce Sellers Sue Amazon and Amazon Payment Processors for Alleged Unfair Competition and Unlawful Conduct

by | Oct 1, 2021 | ,

Chinese e-commerce sellers file class-action lawsuit accusing defendants of refusing to remit funds from seller accounts for incentivized reviews activity LOS ANGELES – YK Law LLP has filed a class action lawsuit against Amazon and its various payment processor entities on behalf of Chinese e-commerce plaintiffs following the company’s recent ban and delisting of an estimated 50,000+ Amazon Marketplace seller…

China Trying to Eradicate “Sissy Boys” and “Overly Entertaining” TV and Media Programs

by | Sep 17, 2021 | , ,

Jesse Weiner An official notice recently issued by the China National Radio and Television Administration (NRTA) has called a boycott on actors or other art personnel they consider to be unethical. (click here to see the original regulation notice (in Chinese) 《关于进一步加强文艺节目及其人员管理的通知 (“Notice on Emphasizing the Management and Regulation of Entertainment Programs and Related Personnel”) (the “Notice”).This is causing a…

YK Law LLP: Chinese Investor Sues Cetera Investment Advisors and Cetera Broker Over Off-shore REIT Investment Losses

by | Apr 26, 2021 | , ,

YK Law LLP (YK Law) has filed an arbitration claim with the Financial Industry Regulatory Authority (FINRA) on behalf of a Chinese foreign investor (Claimant), who suffered losses as a result of the unsuitable recommendations, failure to disclose material adverse risks, fraud, and misrepresentations which relate to investments in a private offshore Real Estate Investment Trust (REIT) previously-named the Beechwood…

Client Alert: Proposed Strategic Competition Act of 2021

by | Apr 21, 2021 | , ,

April 12, 2021 Proposed Bill Seeks to Counter China’s Global Competition Ambitions In directing the U.S. government to adopt a policy of “strategic competition” with China and the protection and promotion of “vital interests and values” of the United States, a new bipartisan bill, the Strategic Competition Act of 2021 was introduced in the US. Senate on April 8, 2021. …

Costly Lessons from TikTok and Facebook Biometric Privacy Class Action Settlements

by | Mar 29, 2021 | ,

Companies are facing increased scrutiny of their use of biometric data — such as fingerprint scans, facial recognition, and voice recognition to name a few. In the past two years in particular, the number of biometric privacy class action lawsuits filed in the U.S. has skyrocketed. Many of these lawsuits have been brought under the Biometric Information Privacy Act (BIPA)…

Ericsson v. Samsung: Anti-Suit Injunctions in Cross-Border Litigation

by | Mar 3, 2021 | ,

by Shuying Lin An anti-suit injunction (ASI) is an order by one court to prevent a party from commencing or continuing the same action in another court. ASIs have long been used in the context of cross-border litigation to preclude the filing of parallel proceedings in another country. ASIs work to allow a party to focus its resources in one…

Canada Announces Special Immigration Measures for Hong Kong Residents and Canadians in Hong Kong

by | Feb 8, 2021 | ,

Canada has announced special immigration measures for residents of Hong Kong and Canadians residents in Hong Kong, as a result of the passing of China’s restrictive national security law for Hong Kong, in the summer of 2020. Hong Kong has one of the largest Canadian expat communities, with an estimated 300,000 Canadians living in Hong Kong. The large expat community…

MOFCOM Promulgated New Rules on Extraterritorial Application of Foreign Laws

by | Jan 15, 2021 | ,

On January 9, 2021, the Ministry of Commerce of the People’s Republic of China (“MOFCOM”) promulgated the “Measures for Blocking Improper Extraterritorial Application of Foreign Laws and Measures” (the ” Rules”), which took effect immediately on the date of promulgation. Article 1 of the Rules states that the measures were developed “in order to block the impact of improper extraterritorial…

To Delist or Not to Delist? NYSE Backtracks on Delisting of Chinese Telecom Companies

by | Jan 5, 2021 | , , ,

As the world welcomes 2021, the New York Stock Exchange (NYSE) announced its plan to delist three state-owned Chinese telecommunication companies from the exchange to comply with the Trump administration’s executive order barring U.S. investments in Chinese firms determined to be owned or controlled by the military. The United States Department of Defense had previously listed the three companies –…

Major Index Providers Drop Securities of Chinese Firms from Benchmarks

by | Dec 17, 2020 | , ,

Early this month, S&P Dow Jones Indices decided to drop securities from 21 Chinese companies, including Hangzhou Hikvision Digital Technology Co. (“Hikvision”), Semiconductor Manufacturing International Corp. (“SMIC”) and CRRC Corp. (“CRRC”), from its benchmark indices. This action comes after a Trump administration executive order that limits U.S. investment in the securities of certain Chinese companies. Securities of 10 Chinese companies…

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