04
2026-02
Perspective | How the Digital Yuan (e-CNY) Is Integrating Into the Digital Economy
The “Announcement on Interest Payment for Digital RMB” announced that, starting January 1, 2026, interest will be paid on the balances held in eligible digital RMB wallets. The “Action Plan on Further Strengthening the Digital RMB Management Service System and Related Financial Infrastructure Construction,” issued by the People’s Bank of China, will officially come into effect on January 1, 2026, clearly defining the measurement framework, management system, operational mechanisms, and ecosystem for the next-generation digital RMB. The digital RMB is a product of the integration of finance and technology, an inevitable outcome of the development of the digital economy, and also the blueprint outlined in the proposals of the 15th Five-Year Plan. To “accelerate the building of a strong financial nation,” we must “steadily develop the digital RMB.”
2026-02-04
04
2026-02
With breakthroughs in technologies such as drones and electric vertical takeoff and landing vehicles (eVTOL), the low-altitude economy is reshaping the global economic landscape by embracing a “three-dimensional spatial development” approach. From logistics and delivery to agricultural pest control and urban air transportation, its application scenarios now span multiple sectors—including people’s livelihoods, industrial development, and governance. According to data from CCID Consulting, China’s low-altitude economy exceeded 500 billion yuan in 2023 and is projected to reach 3.5 trillion yuan by 2035, becoming a key driver of new-quality productivity. However, the growing gap between technological breakthroughs and lagging legal frameworks has become increasingly apparent: ambiguities in airspace usage regulations, frequent data security risks, and the absence of clear standards for liability attribution are all hindering the industry’s transition from “experimental stages” to “commercialization.” As a bridge between law and business, lawyers have a critical role to play in ensuring compliance, shaping regulatory frameworks, and creating value. Based on practical legal services and integrating legal theory with commercial logic, this article systematically explores pathways for legal safeguards and commercial empowerment in the low-altitude economy.
2026-02-04
04
2026-02
In real life, when parents’ marital relationship comes to an end, minor children are inevitably confronted with emotional turmoil and the need to restructure their lives. However, regardless of how the relationship between the parents may change, the responsibility and obligation to care for minor children remain a bottom line firmly established by both law and ethics— a responsibility that cannot be shirked.
2026-02-04
12
2026-01
As a central hub for the digital economy in the Asia-Pacific region, Singapore has consistently adopted a balanced approach of “strict regulation combined with innovation promotion” to build its data protection framework. In 2025, the Personal Data Protection Act (PDPA) will undergo another major round of revisions, focusing on three key changes: mandatory appointment of Data Protection Officers (DPOs), stricter timelines for notifying data breaches, and an expanded global scope of jurisdiction. Simultaneously, the Singapore Standard for Data Protection (SS 714:2025) and practical guidelines for Privacy-Enhancing Technologies (PETs) will be released, forming a three-dimensional compliance framework that integrates “legislative amendments, complementary standards, and technological support.” This article will provide an in-depth analysis of the core red lines of this revision and, drawing on the latest penalty cases, offer enterprises practical guidance on establishing compliant systems and developing solutions for cross-border data transfers.
2026-01-12
09
2026-01
Perspective | Legal Risks for Companies Downloading and Using Pirated Software
In the context of the digital age, computer software has become an essential tool and core support for enterprises’ production and operations. Currently, some companies, in a bid to cut costs, choose to download and use pirated software, thereby overlooking the hidden legal risks involved. From the perspective of damages awarded in litigation to criminal prosecution, the legal consequences of downloading and using pirated software far outweigh any short-term savings. Drawing on current regulations such as the Copyright Law and the Criminal Law, as well as the latest judicial practices from 2025, the author analyzes the legal risks associated with enterprises’ downloading and using pirated software and proposes compliance strategies to address these risks.
2026-01-09
09
2026-01
In the tide of globalized trade, cross-border commercial disputes often face the predicament of winning a lawsuit yet failing to collect payment—challenges such as differences in foreign judicial systems, concealment of assets by the judgment debtor, and exorbitant costs associated with cross-border enforcement have turned many companies’ legitimate claims into mere empty promises. Recently, the six international arbitration cases involving breaches of foreign trade sales contracts that I represented have secured final favorable awards. Through cross-border collaboration, we successfully prompted the Peruvian court to accept and enforce these judgments, enabling the company to receive full compensation from the China Export & Credit Insurance Corporation (hereinafter referred to as “SINOSURE”). Using this arbitration case as a case study, this article delves deeply into the credit risks faced by exporters under medium- and long-term open-account sales models, the difficulties in gathering evidence, arbitration procedural strategies, and key considerations for cross-border enforcement in international arbitration cases. The case focuses on core disputes such as recovery of payment under advance-payment plus long-term open-account sales models, proof of partial performance, and interest calculation, highlighting that international commercial dispute resolution should shift from merely securing favorable awards to effectively realizing creditors’ rights.
2026-01-09
07
2026-01
In the field of construction engineering, disputes arising from labor costs or wages are frequent. Construction entities (the project owners) at the top of the payment chain are often named as defendants in litigation, being required to assume primary responsibility for advance payment or settlement within the scope of unpaid project funds. However, judicial practice has yet to establish a unified standard for determining the liability of project owners in such disputes. Different courts—even the same court in different cases—may issue diametrically opposed rulings based on varying emphases placed on factual findings, legal interpretations, and policy considerations. This article aims to analyze two contrasting typical cases, drawing upon relevant provisions such as the "Regulations on Guaranteeing Payment of Wages to Migrant Workers" (hereinafter referred to as the "Regulations"), to explore the core issues in determining the liability of project owners, the logical framework for applying the law, and the factors considered by judges in reaching their decisions.
2026-01-07
07
2026-01
Perspective | A Summary of Practical Key Points in Disputes over Financial Loan Contracts (Part 2)
In recent years, influenced by the economic environment, many borrowers have defaulted on their loan repayments, leading to a sharp increase in financial loan contract dispute cases accepted by courts. A financial loan contract is an agreement under which a financial institution such as a bank provides a loan to a borrower, who undertakes to repay the principal and pay interest according to the agreed terms. Such contracts are typically accompanied by security measures and generally present clear rights and obligations on the surface; however, numerous points of contention still arise in judicial practice. This article, from the perspective of banking and financial institutions and drawing upon the latest judicial practices and case precedents, comprehensively examines the core practical issues in litigation involving financial loan contract disputes. These include contract validity, burden of proof, ascertainment of loan facts, validity of guarantees, determination of interest and liquidated damages, statute of limitations, early maturity clauses, debt restructuring and extension, assignment of credit rights, review of standardized terms, as well as difficulties and risks in enforcement. Each issue is analyzed and discussed in turn, providing valuable reference for legal practitioners and bank legal professionals. Due to space constraints, this article is divided into two parts: the first part focuses primarily on “the formation and effectiveness of contracts, rules of evidence and burden of proof, ascertainment of loan facts, validity of guarantees and guarantee liabilities, judicial determination of interest, liquidated damages, and overdue interest rates, and issues related to the statute of limitations”; the second part mainly addresses “the application of early maturity clauses, debt restructuring and ‘borrowing new to repay old,’ the validity of loan extensions, issues concerning the assignment of credit rights, review and validity of standardized terms, and difficulties and risk prevention in enforcement.”
2026-01-07
06
2026-01
Perspective | A Summary of Practical Key Points in Disputes over Financial Loan Contracts (Part 1)
In recent years, influenced by the economic environment, many borrowers have defaulted on their loan payments, leading to a sharp increase in financial loan contract disputes accepted by courts. A financial loan contract is an agreement under which a financial institution such as a bank provides a loan to a borrower, who undertakes to repay the principal and interest according to the agreed terms. Such contracts are typically accompanied by collateral measures and generally present clear rights and obligations on the surface; however, numerous contentious issues still arise in judicial practice. This article, from the perspective of banking and financial institutions and drawing upon judicial practice and case law, comprehensively examines the core practical issues in litigation involving financial loan contract disputes. These include contract validity, burden of proof, ascertainment of loan facts, validity of guarantees, determination of interest and liquidated damages, statute of limitations, early maturity clauses, debt restructuring and extension, assignment of credit rights, review of standardized terms, as well as difficulties and risks in enforcement. Each issue is analyzed and discussed in turn, providing valuable reference for legal practitioners and bank legal professionals. Due to space constraints, this article is divided into two parts: the first part focuses primarily on “the formation and effectiveness of contracts, rules of evidence and burden of proof, ascertainment of loan facts, validity of guarantees and guarantee liability, judicial determination of interest, liquidated damages, and overdue interest rates, and issues related to the statute of limitations”; the second part mainly addresses “the application of early maturity clauses, debt restructuring and ‘borrowing new to repay old,’ the effect of loan extensions, issues concerning the assignment of credit rights, review and validity of standardized terms, and difficulties and risk prevention in enforcement.”
2026-01-06
04
2026-01
During the performance of a commercial franchise contract, the franchisee incurs expenses such as store rental fees, renovation costs, and procurement costs for supplies. After the contract is terminated, the parties typically dispute how these related expenses should be handled. Franchisees often rely on the provisions of Article 566 of the Civil Code to claim compensation from the franchisor for their incurred expense losses. Due to the special nature of commercial franchising and the lack of clear statutory provisions regarding the scope of losses that franchisees can claim, there remains some controversy in judicial practice over the determination of compensation for franchisees’ losses.
2026-01-04
Zhongcheng Qingtai Jinan Region
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