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...
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 imp...
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 ...
Chapter 1:China’s New Company Law aims to create a more robust legal framework for businesses operating in China. Foreign invested enterprise operating in or entering the China market should pay close attention to the major revisions in corporate governance and capital injection rules,...
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...
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.
While the New Company Law places substantial duties on directors, it also provides for a right of the company to purchase insurance for directors. This is a common practice in foreign jurisdictions but is only adopted by...
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. ...
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...