Social security for foreigners in china In 2010, China passed a new social security law which came into effective on July 1, 2011. The law applies to Chinese citizens as well as foreigners who work or reside in China. Subsequently, on October [...]


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social-security Social security for foreigners in china In 2010, China passed a new social security law which came into effective on July 1, 2011. The law applies to Chinese citizens as well as foreigners who work or reside in China. Subsequently, on October 15, 2011, “provisional measures for foreigners to participate in Chinese social security scheme” became effective. According to the latest social security policy, all foreigners who work or live in China, including those employees [...]   read more

European Union Currency On April 29th the European Court of Justice, EU’s highest judiciary has rejected the UK’s bid against what could eventually become an EU-wide tax Financial Transactions Tax (FTT).  While we are highly unlikely to see such tax being raised particularly soon, one definitely can’t afford the complacency of not treating it as a genuine possibility of even underestimating the importance of such possibility. As it stands, the case of the European FTT has three dimensions: [...]   read more

ID-100197779 SJ Grand about different issues concerning business in China. A temporary visitor (also known as non-PRC tax resident) is an individual who visits China for a  period up to 90 days (or up to 183 days, if tax treaty applies), continuously or accumulatively, during a calendar year. Temporary visitors are eligible to be exempted from individual income tax (“IIT”) in China on the portion of their income paid by the overseas employer. If the income [...]   read more

ID-10024060 At the turn of February and March 2014, the European Centre of Arbitration, young and vigorously growing association, organised a series of lectures and workshops given by leading Polish practitioners in the field of international arbitration. These academic events, known as  the “Arbitration Academy” were dedicated to law students and young practitioners in the domain of arbitration. The events were held at the Faculty of Law and Administration (University of Warsaw) in Warsaw. The series [...]   read more

OLYMPUS DIGITAL CAMERA Adam Pasierbek & Mikołaj Firlej about Business&Law news! Can an economy double overnight? In this day and age an economy can effectively double in size without effort – except maybe from the employees of the statistical office. The case at hand is one of Nigeria, where the Gross Domestic Product soared from around $260 bn in 2013 (situated between Egypt and Hong Kong in global rankings) to around $500 bn– Africa’s largest, and globally in [...]   read more

pfa We are happy to inform you that Business&Law continues cooperation with The European Centre of Arbitration (see previous post: http://businesslawblog.eu/2014/02/18/patronage-over-arbitration-academy/). This time Business&Law took media patronage (supporting blog position) over Polish Forum of Arbitration. The Organizer of the event – European Centre of Arbitration (eca.org.pl) – is an independent, apolitical nonprofit social organization, leading in educational, informational and academic activities in the field of arbitration. We cordially invite to take part in the Polish Forum [...]   read more

ID-10058777 I had a great pleasure to participate in the seminar “Living with competition law issues” organized by the Union Internationale des Avocats (UIA) in partnership with the International League of Competition Law (ILCL), the National Bar Council and the Warsaw Bar Council. The seminar was held on 14th March 2014 under the honorary patronage of Dr. Małgorzata Krasnodębska-Tomkiel – former President of the Polish Office of Competition and Consumer Protection. The said event created a [...]   read more

OLYMPUS DIGITAL CAMERA Adam Pasierbek & Mikołaj Firlej about Business&Law news! Is your bank using XP? – On April 8th, Microsoft is set to cease providing support for the Windows XP software. While this move may have little impact on the individual users, a more curious problem relates to the XP’s importance for the financial infrastructure. Most notably, around 95% of the ATMs in the World run an appropriated version of XP, which means that their operators will either [...]   read more

mortgage-180x180 ENVIROMENTAL ISSUES IN INVESTMENT PROCESS – Part 5 of 5 Environmental impact assessment (“EIA”) includes the procedures described in this Section 3, all aimed at ensuring that the environmental impact of planned projects is taken into account before they are constructed. These procedures constitute a transposition into the Polish legal system of the EIA Directive on the assessment of the effects of certain public and private projects on the environment, introduced in 1985 (Council Directive [...]   read more

ID-10010813 Anyone with a general interest in European affairs must surely be aware that since the recent crisis the EU, like most major governments around the World, took keenly to regulating its financial system. Not everyone, though, is aware that its regulatory framework is taking shape just as those words are being typed.   Let us start with a bit of history. In 2009 (which now feels like a decade ago), a group of experts under [...]   read more