Distribution of Kobe Bryant’s Estate: Comparison of Succession Laws in PRC and the United States

On 27 February 2020, a public memorial for great Laker Kobe Bryant and his daughter Gianna was held at Staples Center, Los Angeles. Mourners gathered to honour the lives of Kobe and Gianna, who passed away in a helicopter accident along with seven passengers on 26 January 2020. Kobe’s wife, Vanessa Bryant, who made her… Continue reading Distribution of Kobe Bryant’s Estate: Comparison of Succession Laws in PRC and the United States

New Foreign Investment Law to Take Effect in China in 2020

On 15 March 2019, the National People’s Congress of China adopted the new Foreign Investment Law (the “Law”). It aimed to unify and streamline the framework of foreign investment in China, and build a market environment with stability, transparency, predictability and fair competition. The Law will take effect on 1 January 2020. How will the… Continue reading New Foreign Investment Law to Take Effect in China in 2020

Legal Consequence of Failure to Indicate Acceptance of Legacy

Citizens may, by making a will, bequeath their personal property in part or in full to the state, a collective or persons other than the statutory successors. However, in reality, there have been cases where successors lose their rights to inherit the estate due to a failure to indicate acceptance within the stipulated time frame.… Continue reading Legal Consequence of Failure to Indicate Acceptance of Legacy