Dentons of the Global Famous Law Firm (Dentons) will be stripped away from its Chinese business to meet the requirements of data security regulations that are about to be implemented.This is one of the most major withdrawals in the Western Western company after China ’s strengthening measures to curb important information outflows.
According to Bloomberg News on Tuesday (August 8), Dacheng said in the memorandum of issuing to customers that in order to respond to the "government requirements" related to network security and data protection, this month will be in China.Branch split.
Dentons merged with Beijing Dacheng Law Firm in 2015, becoming the world's largest law firm at that time.Dacheng customers include large state -owned enterprises such as Petroleum and China Telecom.
Dacheng said that splitting is a regulatory environment that Chinese law firms are constantly changing, including new regulations and requirements related to data privacy, network security, capital control and governance.Dacheng will operate as a separate independent legal person, and maintains a "preferred office" relationship with Dentons.
According to Bloomberg reported in July, Morgan Stanley, an international financial service company, also tightened data supervision in China, and transferred more than 200 technology development employees from mainland China.
The National People's Congress of the Chinese National People's Congress reviewed a number of reforms proposed by the national institutional reform plan during the two sessions of this year, including the establishment of the National Data Agency.The agency is responsible for coordinating the construction of data basic systems, and coordinating the integration, sharing, development and utilization of data resources.
