South Korea’s Joongang Ilbo, citing “a source familiar” with China-North Korea relations, reported Wednesday that dictator Kim Jong-un requested Chinese economic investment in his country during his most recent summit with counterpart Xi Jinping. The report is the latest in a string that appears to show concerted efforts by North Korean leaders to persuade foreign powers to pay for the reconstruction of their country, ravaged by over 60 years of strict communist leadership.While China is run by the Communist Party, it allows foreign investment that benefits the regime, strictly regulating it to ensure that there is no free market, which could result in unintended beneficiaries Beijing cannot control. According to North Korea’s state-run news agencies, Kim Jong-un told the leadership of his Workers’ Party in April that Pyongyang would shift its focus away from the development of nuclear weapons and “concentrate all efforts of the whole party and … [Read more...] about Report: Kim Jong-Un Urging China to Invest in Special ‘Economic Zones’
Special purpose zoning
Following the big change where registration was replaced by filing for establishment applications of companies excluded in the Negative List, China State Council further approves adjustment of the special access management measures for qualification requirements, share ratio restrictions and business scope restrictions in some industries in the Shanghai Pilot Trade Zone to allow foreign invested enterprises engaging in some business activities that were previously restricted or prohibited.As people may know, foreign invested companies engaging in some industries such as international maritime transportation, aviation, automobile and salt in China are strictly monitored by Chinese authorities in terms of requiring qualification verification and business scope licensing. This has greatly restricted and prohibited foreign companies from engaging in these business activities. In order to further expand the Shanghai Pilot Free Trade Zone to attract more foreign investment, China State … [Read more...] about China State Council Approves Adjustment of Special Access Management Measures in Shanghai Pilot Free Trade Zone
China has put into effect an updated “negative list” for foreign investment in the country’s pilot free trade zones (“FTZs”). Officially named the Free Trade Zone (FTZ) Foreign Investment Entry Special Administrative Measures (Negative List) (2017 Version), the FTZ negative list is an important document that lists business sectors in which foreign investment is subject to restrictions (including additional government approvals) and outright prohibitions. This update, published by the State Council on June 16 and effective as of July 10, represents a liberalization of the foreign investment environment in China’s FTZs.China’s FTZs are seen as a laboratory for potential economic reforms, with successful reforms considered for implementation on a nationwide basis. The negative list approach, in which all investments are considered permitted unless specifically restricted or prohibited according to a negative list, is an example of a reform that … [Read more...] about State Council Trims Negative List in Free Trade Zones
In 2013, the General Assembly revamped the laws governing zoning boards of adjustment in North Carolina in S.L. 2013-126, entitled "An Act to Clarify and Modernize Statutes Regarding Zoning Boards of Adjustment". The appellate case we'll discuss today interprets the laws existing prior to that revamping, but with lasting application to the powers of a zoning administrator in the context of handling an appeal of his or her land use decision.Some BackgroundMorningstar, a full service marina, operates off Lake Gaston. Across Lake Gaston, some 145 feet across Lake Gaston, from the Morningstar marina is some land owned by East Oaks, LLC. East Oaks sought a conditional use permit to build townhouses on the property, an application it subsequently withdrew after someone (we'll never, ever know who) determined the proposed development was permitted under the Warren County zoning laws without the need for a conditional use permit. Accordingly, the Warren County … [Read more...] about North Carolina Court of Appeals: Zoning Administrator Cannot Determine Standing to Appeal
In response to the August 2016 flooding event, there have been several articles about the Federal Emergency Management Agency ("FEMA") regulations, the National Flood Insurance Program ("NFIP"), the base flood elevation requirements relating to a building damaged by flooding, and local government rebuilding requirements. This e-lert will explain these programs and compliance requirements and the recent developments on the national and local levels, as FEMA and local governments in Louisiana respond to the August 2016 flood event.A building (home) that has experienced flooding is in very GENERAL TERMS in one of three major categories:1 It is: either outside the FEMA Flood Zone ("Situation 1") and subject only to local governmental rebuilding requirements as well as insurance provision should the owner have flood insurance; orinside the FEMA Flood Zone but with the cost or repairs being LESS than 50 percent of the market value of the building (the "Substantial Damage Rule"), in … [Read more...] about The FEMA Flood Zone Conundrum—What’s It All About?