quasi in rem

Sunday, March 14, 2004

The End of Communism?: "China's parliament on Sunday approved a historic amendment to its constitution to provide a legal guarantee and level-playing field to private entrepreneurs, once considered the enemy of Communism but now key player in generating wealth in the world's fastest growing economy."

"It is the first time in the history of new China that lawfully-obtained capital goods and invisible capital such as intellectual property right are put under the protection of the constitution, as is the same case with living materials and properties such as estate and ban deposits, the official Xinhua news agency commented."

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