The finalization of the China-EU investment agreement – after seven years of negotiations – on December 30, 2020, is a big deal, says London-based China lawyer Mark Schaub in an overview of the fallout of the deal for the China Law Insight. “Is it a Big Deal? – Yes. China is the EU’s second-largest trading partner and the EU is China’s largest trading partner. Over Euro1 billion per day of trade flows between these two giants.”
China veteran Mark Schaub discusses how China changed since it introduced the 1995 Employment Law and how it impacted the way foreign businesses could work. Before 1995 few people had a written labor contract, but since the introduction of the law much changed for workers and lawyers, he explains.
China is not only the world’s fastest-growing market for meat consumption, but it also has a long-standing tradition of using meat alternatives, says China-lawyer Mark Schaub at the China Law Insight. China’s government can use that tradition as it tries to change the country’s diet as they develop rules and regulations, he adds.
China has announced the ban on micro beads – solid plastic particles of less than one millimeter – in cosmetics by the end of 2020, writes China lawyer Mark Schaub at the China Law Insight. “The clock is ticking for cosmetics companies – domestic and international alike. Alternative ingredients need to be sourced quickly,” says Mark Schaub.
Partner at King&Wood and Mallesons, the largest law firm in China and Australia combined. In 2018 he became a partner of KWM London. Travels from London “In China, nothing is impossible … nothing is easy.” Mark Schaub is a prolific speaker who wastes no time in avoiding the real challenges in doing
Online education is a booming business in China, and regulations are catching up, very slowly, says China-lawyer Mark Schaub in a thorough overview of the legal minefield for online educational ventures at the China Law Insight. “Curiously for a business that combines two highly sensitive areas of the Chinese economy – the internet and education – online education was only first officially addressed in 2018.”
China-lawyer Mark Schaub gives a detailed overview of the drafted legal improvements foreign investors can expect when the phase 1 trade agreement will be in place. For example, the VIE’s will largely remain safe. That is, warns Mark Schaub, a huge if, he writes at the weblog of his law firm King & Wood Mallesons.
China forced global cosmetics brands to use animal tests before entering the market, but is now moving to fall in line with cruelty-free cosmetic tests, writes lawyer Mark Schaub at the China Law Insight. “For international cosmetic companies, this may make the Chinese market more attractive for cruelty-free brands. However, issues will still exist but the direction at least should be applauded,” he says.