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 in the past three year...
China's New Company Law has far-reaching implications for businesses. FIEs must understand the provisions and initiate necessary adjustments.
TheNew Company Law, as a fundamental regulation overseeing corporate governance in China, introduces significant changes to the legal landscape for FIEs. In this article, we summarize key issues that foreign investors should pay attention to in the New Company Law, explore their potential i...
On December 29, 2023, the Standing Committee of the National People's Congress approved the revised "Company Law of the People's Republic of China" (theNew Company Law), set to be enforced on July 1, 2024. The New Compa...
With the introduction of our new "Company Law" 翻译结果2复制译文编辑译文朗读译文返回顶部 正在翻译,请等待... 翻译结果3复制译文编辑译文朗读译文返回顶部 With the promulgation of the new company law in China 翻译结果4复制译文编辑译文朗读译文返回顶部 ...
Key changes to China’s 2023 company law for multinational businesses, with an emphasis on corporate governance requirements for limited liability companies.
The new revision of the Company Law of the People's Republic of China was passed on December 29, 2023, by the 7th session of the 14th Standing Committee of the National People's Congress and is set to come into effect on July 1, 2024. ...
That being said, one should not downplay the importance of these measures in highlighting China’s increasing alignment with global best practises. The previous Company Law was “old and stale,” as well as “clumsy a...
China April 29 2024 In the third article of this series, we will focus on the modifications with respect to senior management’s liabilities in the new Company Law. 1. The “Senior Management” The first thing need to be mentioned is that the term of “senior management” is defined under...
Company Law of the People's Republic of China issued on Dec 29th, 2023 shall be effective from July 1th, 2024. There are some bright spots in the new version of the law summarized as below. 1.The registered capital should be paid in 5 years after the incorporation of a limited liabilit...