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China's new financial court to handle lawsuits involving overseas firms

17 de março de 2023 Hi-network.com

TheSupremePeople'sCourt hasauthorisedextraterritorial application of China's financial laws for the newly created Beijing Financial Court to protect the interests of domestic investors. This announcement to 'increase international influence' and 'improve the extraterritorial application of Chinese laws' comes at a time when Chinese firms are being targeted by the US government with sanctions.

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