China Adopts Rules to Counteract Extraterritorial Applications of Foreign Sanctions

    View Author January 2021

    On Saturday 9 January 2021, the People’s Republic of China (PRC) Ministry of Commerce (MOFCOM) issued MOFCOM Order No. 1 of 2021 on Rules on Counteracting Unjustified Extra-Territorial Applications of Foreign Legislation and Other Measures. Our trade practitioners based in the PRC, the US and the EU examined the new rules and offer their perspectives on the potential long-term impact.