1. Overview of the 2024 China Company Law Approved on December 29, 2023, the sixth amendment tothe China Company Lawis now in force sinceJuly 1, 2024. This Law is the reference text also governing foreign investment and shareholdings in China. It impacts all companies in the PRC and introd...
Firstly, the Draft Revision adjusted the concept of the “executive director”. According to the Current Company Law, small-scale limited liability companies may have one executive director instead of setting up board of directors. The executive director, as provided in the Current Company Law, may...
On December 29, 2023, the National People’s Congress promulgated the long-awaited amendment to the Company Law of the People’s Republic of China (the “New Company Law”). After several rounds of public comments sinc...
This was the second version of the draft revisions to theCompany Law (the “second draft amendments”) to be released in the last two years, having made further amendments based on public comments to aprevious draft versionreleased in December 2021 (the “first draft amendments”). The propose...
Between 2017 and 2021, China established the regulatory framework for outbound data transfer with the enactment of three pivotal laws: (i) theCybersecurity Law, (ii) theData Security Law, and (iii) thePersonal Information Protect...
In addition, the company's scale and the company's life span also have a significant influence on the employment lawsuit result.doi:10.1515/ajle-2021-0033Ke ZhenxingDe GruyterAsian Journal of Law and Economics
中英对照版精品company law of the peoples republic of china (2013 amendment).pdf,Company Law of the Peoples Republic of China (2013 Amendment)[Effective] 中华人民共和国公司法(2013 修正) [现行有效] Standing Committee of the National Order No.8 of the Presi
“Second Deliberation Draft”), seeking public comment (period now closed). Compared with the current Company Law and the First Deliberation Draft of the Amendment Bill to the PRC Company Law (the “First Deliberation Draft”) released in December 2021, the Second Deliberation Draft proposes some...
In China, corporate governance is characterized by the “modern enterprise system” and derives rules from China’s Company Law. Corporate governance is a factor in all corporations, and it focuses on the interactions between shareholders, directors, supervisors, and managers. The objective of corpora...
In this paper, we present that the new round of Company Law revision in China reduces the signalling role of share repurchases; however, when the firms deliver good signals on dividends payout, the negative link between regulatory changes and market reaction to share repurchases becomes weaker. ...