13 June 2012
The PRC Ministry of Land and Resources (the "MLR") has recently released the revised Rules on the Disposal of Idle Land which will come into force on 1 July 2012 (the "2012 Amendments") and will replace the rules that the MLR issued on 28 April 1999 (the "1999 Version").
This is the first time that the MLR has revised these rules after the 1999 Version which has been issued for over 13 years. The revised rules do not radically alter, but are a reiteration and amplification of, the existing rules. This article will explore the major amendments and the practical implications of such amendments.