GC Agenda China
In the October edition of GC Agenda China, B. Chen Zhu shared his opinions on the Unreliable Entities List issued by the Ministry of Commerce of China (MOFCOM) on 19 September 2020.
According to Chen: "China's new UEL regime is the latest tool in the country's growing toolkit for deterring and penalizing co-operation with foreign government actions perceived to be detrimental to Chinese business and government interests. Multinationals seeking to comply with unilateral sanctions and investigations by, for example, the U.S. government that implicate parties in China need to consider growing countervailing risks, which now include the possibility of a UEL designation by the Chinese government in extreme cases. Expect the UEL regime to be further developed through implementation rules in the coming months."
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