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Clifford Chance

Clifford Chance

Regulatory Investigations and Financial Crime Insights

PRC Blocking Statute now in effect

On 9 January 2021, the PRC Ministry of Commerce (MofCom) issued its new "blocking statute", known as the Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (Rules), which came into effect on the same date.

The Rules, together with the Provisions on the Unreliable Entity List (UEL Provisions) promulgated by MofCom on 19 September 2020, expand the Chinese government's arsenal to counteract foreign laws and measures with long-arm jurisdiction.

Read our full briefing to find out more.