Tag Archives: Potential

The Latest on the Potential Financial Services Complaint in China

As many may already be aware, the U.S. heard arguments from lawyers representing the major credit card companies, including Visa, MasterCard and Discover, about lodging a formal complaint against China for failing to meet compliance issues when it became a part of the World Trade Organization in 2001.  As A. Harrison Barnes, lawyer and founder of LawCrossing.com explains, “Part of those compliance issues was China’s agreement to remove market access restrictions and allow open channels for foreign credit and debit card processing companies and that has not happened”.

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