New Regulations Released by SAFE Promoting Cross-Border IPR Transactions

On 24 July 2013, State Administration of Foreign Exchange ("SAFE") released Guidelines for Foreign Exchange Administration of Trade in Service (服务贸易外汇管理指引 ,"Guideline") and its implementation rules, The Detailed Rules for Implementing Guidelines for Foreign Exchange Administration of Trade in Service (服务贸易外汇管理指引实施细则, "Implementation Rules"), both took effect on 1 September 2013. There are many facets surrounding foreign exchange but specifically, we have looked into these new rules to see how they will affect cross-border IP transactions such as payment for trademark licensing or import/export technologies.


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