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The Sales and Marketing Professionals
   
- New
Rules Complicate Foreign Investment in SOE's
The State Economic and Trade Commission (SETC) published new rules on investing in unlisted State-owned enterprises (SOE'S), but they do not simplify foreign investment, says King & Wood lawyer Mark Schaub. The new rules will come into effect on Jan 1st 2003.
Under new rules the SOE has to apply with the local SETC for approval of all reorganization projects. It is however not clear if this means that the SETC approval replaces the MOFTEC approval that is currently required. That would mean it is an additional requirement, and therefore an extra hurdle for foreign investors to take.
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- Electric Utilities Dip Toes into Emerging Technology
Several systems designed to piggyback high-speed data transmissions over power lines are in field trials around the country and, paradoxically, if they are successful they could breathe new life into the fiber-optic cable market.
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- Bush Signs Bill Extending Liability Protection for DOE Contractors
President Bush has signed legislation that authorizes $393 billion for an array of Dept. of Defense programs, and also extends a liability shield for contractors working on cleaning up former nuclear weapons facilities.
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- Report Finds Significant Hazards at U.S. Capitol
A report released by the Congressional Office of Compliance says that the U.S. Capitol complex has "significant safety and health hazards," which include blocked or locked fire doors and incomplete emergency response plans.
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