The latest amendments to the Company Law of the People’s Republic of China officially came into effect on 1 July 2024. These amendments incorporate recent judicial practices, discussions, and accumulated experience in company law into statutory provisions, providing a more advanced and systematic regulatory framework for current and future economic activities. At the same time, they draw on advanced legal and institutional practices from other jurisdictions, aligning China more closely with international standards and supporting the healthy and sustainable development of the national economy.
The new Company Law introduces numerous provisions, emphasizing the accountability of investors in various transactions. Importantly, it also expands recourse liability for former investors who exit a company through equity transfers, increasing legal exposure even after exit. These changes have prompted widespread concern among both current and former investors. How can existing investors establish lawful and effective legal firewalls? How can former investors exit a company safely and cleanly? This workshop will provide answers to these critical questions.
Workshop Outline:
1. Changes in the Registered Capital Regime
2. Joint and Several Liability of Former Investors (Departed Shareholders)
3. Eligibility to Act as a Legal Representative
4. Unlimited Liability Risks in Limited Liability Companies
5. Expanded Rights and Empowerment of Minority Shareholders
6. Restrictions on Asset and Equity Distribution upon the Dissolution of Sino‑Foreign Joint Ventures
Target Audience:
Senior management personnel, including Chief Financial Officers, Heads of Legal, company directors, and human resources executives.
This workshop will be conducted in Cantonese. Please refer to the Chinese version for details.
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