China's New Foreign Investment Law Approved

On 15 March 2019, China approved its new Foreign Investment Law, which is meant to improve transparency and market access, and provide better protections for foreign commercial information and intellectual property, including a ban on forced technology transfers and criminal penalties for intellectual property rights infringement. While the drafting of the Foreign Investment Law has been ongoing since 2015, its recent approval was somewhat rushed and is seen as an attempt to deescalate tensio…