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...
On 29 December 2023, China passed a reform of its Company Law . After a legislative process lasting several years, the comprehensively revised law will come into force on 1 July 2024.
Given that the Foreign Investment Law of the People’s Republic of China requires foreign invested enterprises (“FIE”) to adapt to the requirements under the Company Law within a transition period expiring at the end of...
2024-01-12 08:11:00 · 奋迅贝克麦坚时法律天地 · BakerMCKenzie Fenxun 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 ...
Could the "Year of the Dragon" in China become a year of economic reform? The amendments to Chinese company law published on 29 December 2023 were preceded by a legislative process lasting several years. These changes are now due to come into...
The revised Company Law includes, among other things: 2023年12月29日,中国颁布了新修订的《中华人民共和国公司法》(下称《公司法》)。修订后的《公司法》包含 266 个条款,其中许多方面都进行了重大调整,并将于2024年7月1日起施行。另外,值得注意的是,在2024年12月31日前,外资企业必须调整其组织形式以及...
China 2025: Key Economic Shifts and Business Implications China’s Green Technology Revolution: A Comprehensive Market Analysis Managing Distributors in China: Opportunities, Challenges, and Solutions Home/Blog/5 Key Changes in China’s Company Law, Effective July 2024...
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...
China Laws and Regulations Update in January 2024 1. Company Law of the People’s Republic of China (Revised) Promulgated by Standing Committee of the National People’s Congress Promulgated date: 13 December, 2023 Implementation date: 28 December, 2023...
Among the notable changes in China’s new Company Law, effective July 1, 2024, is the expansion of shareholders' rights to inspect company records, including accounting vouchers and records of wholly owned subsidiaries.This enhancement aims to increase transparency and empower minority shareholders by...