Akin Gump published a client alert on the new Data Security Law (DSL) of the People’s Republic of China which will come into force on September 1, 2021. Recent developments in the tech sector in China, including government directives concerning heightened regulatory scrutiny of tech companies listed or looking to list in the US or on exchanges in other overseas jurisdictions, highlight the elevated strategic importance of data security issues in China. Data security is a key focus for policymakers in China and is a strong theme in the evolving legal landscape, now reinforced by the DSL as a framework for the articulation of detailed measures and regulations in the coming months and years. These will give life to critically important matters such as the cataloguing of “important data” and “national core data,” the data national security review process and the approvals procedure for cross-border data transfers. To read the full alert, please click here.
New China Data Security Law Will Impact International Investors and Businesses
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