On December 29, 2023, the Standing Committee of the National People's Congress of the People's Republic of China promulgated the amended Company Law of the People's Republic of China ("PRC" or "China") (the "2023 Company Law"), after its deliberation of four versions of draft amendments...
On December 29, 2023, China’s legislature passed a vastly revisedCompany Law, which will take effect on July 1, 2024. It is the most comprehensive revision of theCompany Lawsince the 2005 revision following China’s accession to the ...
Article 47 of the 2023 Company Law stipulates that shareholders of a Limited Liability Company (LLC) must pay their subscribed capital in fullwithin five years of the company’s establishment. This change has been introduced to tackle issues with shareholders over-subscribing capital at the...
On 29 December 2023, China enacted its substantially revised Company Law. It now contains 266 articles with sweeping changes in many areas and will take effect on 1 July 2024. Another important deadline is 31 December 2024, by which time older foreign-invested enterprises must adjust their organ...
On December 30, 2022, the National People’s Congress releaseda second round ofdraft revisionsto theCompany Law of the People’s Republic of China(the “Company Law”) to solicit opinions from the public until January 28, 2023. This was the second version of the draft revisions to theCompan...
The newly revised Company Law of the People's Republic of China, officially enacted by the 14th National People's Congress Standing Committee on December 29, 2023, will take effect from July 1, 2024. This comprehensive overhaul represents a significant milestone in China's corporate governance lan...
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...
《中华人民共和国公司法(2023年修订)》于2023年12月29日修订通过,引起国内外法学家和企业家的广泛关注和讨论。中伦律师事务所联合韩国首尔大学共同举办"Highlights of 2023 Revision to Company Law of China"韩文专场研讨会,就新《公司法...
(Adopted at the Fifth Session of the Standing Committee of the Eighth National People's Congress on December 29, 1993; amended for the first time in accordance with the Decision on Amending the Company Law of the People's Republic of China adopted at the 13 th Session of the Standing Commi...
The Company Law of the People’s Republic of China (2023 revised) (the “Revised Company Law”) will come into force on 1 July 2024. This revision to the Company Law is a comprehensive review and in-depth adjustment of the current Company Law (the “Previous Company Law”), which will...