On 23 March 2025, China introduced the new Provisions on Implementing the Anti-foreign Sanctions Law (the "Provisions"), which took effect immediately. These Provisions are designed to protect what China perceives as lawful commercial interests against the extraterritorial application of sanctions or other restrictive measures. Given the increasing global trade tensions and the expansion of international sanctions, companies are at risk of being caught between incompatible rulesets.

In recent years, China has witnessed substantial changes in its regulatory framework for handling personal information, with more updates on the horizon. While the compliance burden has eased, companies must still adhere to the fundamental requirements of the Personal Information Protection Law. Systematic enforcement by the authorities has also begun, making compliance more critical than ever.

China has amended its criminal law for the 12th time with effect from 1 March 2024 by increasing penalties and adding employees of private companies to some bribery and corruption offences that currently only apply to employees of state-owned enterprises.

The world relies heavily on China for its supply chains and access to strategic resources. Whilst the geopolitical risk may be increasing, a complete decoupling is still undesirable for most companies. Faced with mounting pressure to diversify out of China, many foreign companies are therefore exploring alternative de-risking strategies to help with effective supply chain diversification and key-asset distribution.

For those who are interested in the Chinese offshore wind market, it is crucial to understand that the Chinese regulatory framework for this sector is complicated and comprehensive, covering the whole value chain.

China

Data Protection and GDPR

Shipping

Senior Associate

Sherry specialises in M&A, foreign direct investment, outbound investment, and general corporate. She has represented numerous international clients in various M&A and foreign direct investment deals, including providing legal services, participation of key deal decision-making, negotiation, draft and implementation of transaction documentations.

Sherry is also part of compliance team in Wikborg Rein's Shanghai office and focuses on the corporate governance from a company’s growth stage. Her focusing areas includes data protection, anti-corruption and anti-bribery as well as anti-trust law in China. She has participated in several compliance training programs as well as compliance investigation programs of many international clients.

Shanghai

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Sherry specialises in M&A, foreign direct investment, outbound investment, and general corporate.