- China has enacted two new regulations that immediately increase legal risks for global supply chains involving China.
- Multinational companies now face conflicting obligations between complying with Western sanctions and strict Chinese laws.
- Managers in China may face personal liability, including criminal charges, for following foreign sanctions that conflict with Chinese regulations.
- Companies must urgently review China-related contracts and supply chain audits due to these new legal requirements.
- The regulations impose new restrictions on supply chain information gathering and international data transfers.
Source: roedl.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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