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Although the Chinese Property Code of 2007 has formalized condominium ownership first ever, the minimal provisions regulating developers in creating condominium projects are incompatible with the crucial role they play. This oversight in Chinese law has been the root cause for many problems and...
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Many U.S. IT companies began to realize the important role of tax planning in recent years and started strategically establishing retail subsidiaries in favorable tax jurisdictions. Significant increase of after-tax profits can be achieved by internally trading their own intellectual properties,...
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This article explores whether the legal landscape will be fundamentally changed in view of the emergence of smart contracts in China. Beyond the phenomenon of bitcoin supported by blockchain technology, we examine the development of smart contracts on blockchain with a close scrutiny of their...
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Smart contract is a disruptive FinTech that is signed in advance and automatically executed when the goods are received. Therefore, the buyer will settle accounts without delay payment under smart contract, which benefits the supplier in B2B transactions. However, how to motivate the buyer to...
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This article presents an empirical study that employs statistical data analysis and contextual examination to investigate the prevalence of specific performance (SP) in Chinese courts as a contractual remedy in civil and commercial disputes. The findings of this study reveal that Chinese courts...
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