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15 Oct 2019, 10:19 am
Among some of the changes as a result of the fourth amendment are:- maximum statutory damages increases from 1 million to 5 million RMB;- punitive damages against wilful infringement is possible;- shifting the burden of proof on damages to alleged infringer; and- the role of patent administrative departments is strengthened.According to Xuting Huang (patent attorney at ZF Group) the Chinese government is determined to show to the world that China is not in any way underestimating the… [read post]
13 Oct 2019, 7:57 am
It was an unpaid position.BHR was capitalized with 30 million renminbi (RMB), or approximately $4.2 million USD at today’s currency exchange rates. [read post]
11 Oct 2019, 1:52 pm
In any event, it seems the heart of the deal is a financial swap, whereby China buys more farm products from the United States (which it desperately needed) and agrees to limit its weakening of the RMB. [read post]
11 Oct 2019, 1:52 pm
In any event, it seems the heart of the deal is a financial swap, whereby China buys more farm products from the United States (which it desperately needed) and agrees to limit its weakening of the RMB. [read post]
9 Oct 2019, 3:58 am
The PRC has responded by continuing to weaken the RMB. [read post]
7 Oct 2019, 3:04 pm
Litvak, 889 F.3d 56 (2d Cir. 2018) (“Litvak II”), which concerned the same RMBS market. [read post]
20 Sep 2019, 3:58 am
If all of the above fail, the court retains a residual power to set the damages at any amount between 10,000 and 1,000,000 RMB. [read post]
14 Sep 2019, 3:00 am
She examines how judges interpreted the boilerplate in RMBS contracts during the financial crisis, and finds that they relaxed their... [read post]
9 Sep 2019, 5:39 am
Global tobacco control advocacy and local mobilization in Africa Maha Kamel & Hongying Wang, Petro-RMB? [read post]
2 Sep 2019, 7:33 am
The absolute legal minimum standard is 80% of Shanghai’s minimum wage (excluding the employee portion of mandatory social benefits, overtime pay and certain subsidies/allowances): as the Shanghai’s current minimum wage is 2480 RMB/month, 80% of that would be 1984 RMB/month. [read post]
27 Aug 2019, 7:29 am
The problem is that if the transfer is made from China, the Chinese side must convert their RMB to U.S. dollars or to Euros and then transmit the dollars/Euros from China. [read post]
18 Aug 2019, 11:29 am
Eighth, look for payments in foreign currencies (non-yuan/RMB) to or from Chinese companies or Chinese nationals. [read post]
14 Aug 2019, 2:00 pm
In a press release, Treasury argued that “Chinese authorities have acknowledged that they have ample control over the RMB exchange rate” and that the “purpose of China’s currency devaluation is to gain an unfair competitive advantage in international trade. [read post]
12 Aug 2019, 3:58 am
The PRC has responded by continuing to weaken the RMB. [read post]
10 Aug 2019, 10:58 am
” Because Sinocism puts it best:The impact of the recent RMB depreciation may be significant psychologically but fairly minimal financially, and Beijing knows that it can not let the RMB drop much more without triggering increasing stress over external debt repayment and raising pressure even more for capital outflows. 2. [read post]
6 Aug 2019, 6:09 am
The RMB will slowly weaken, but I doubt it will go as high as 7.5 RMB per dollar within the next six months. [read post]
22 Jul 2019, 2:58 pm
On July 16, Judge Schofield in the United States District Court for the Southern District of New York dismissed four out of five claims in a suit filed by Ambac Assurance Corp. [read post]
22 Jul 2019, 9:09 am
Who the current owners of the RMBS and CMBS were at the time. [read post]
18 Jul 2019, 7:58 am
As part of the settlement, Nomura will pay $20.7 million to RMBS customers and $4.2 million to CMBS customers as reimbursement for profits obtained from the brokers’ misrepresentations along with a$1.5 million regulatory fine. [read post]
15 Jul 2019, 7:48 am
Nomura also agreed to pay a $1 million penalty in the RMBS-related case and a $500,000 penalty in the CMBS-related case. [read post]
