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, 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...
Overview on the major changes of the new company law of PRCThe 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 S…
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...
Key changes to China’s 2023 company law for multinational businesses, with an emphasis on corporate governance requirements for limited liability companies.
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.
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...
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...
The article presents an analysis and comparison of the adopted Company Law of the People's Republic of China (PRC) with the original Company Law of PRC. The adopted company law which was amended during the 18th meeting of the Standing Committe of the Tenth National People's Congress on ...
China's New Company Law has far-reaching implications for businesses. FIEs must understand the provisions and initiate necessary adjustments.