Office Managing Partner
China announces significant amendments to the PRC Company Law: but what is in it for foreign investors?
30 January 2014
On 28 December 2013, the 6th meeting of the Standing Committee of the 12th Session of the National People's Congress adopted the Decision of the Standing Committee of the National People's Congress on Amending the Marine Environmental Protection Law of the People's Republic of China and Six Other Laws. One of the laws amended was the People's Republic of China Company Law ("Company Law"). The amendments take effect on 1 March 2014.
We have not attempted to cover all the amendments to the Company Law in this note. In this note we will focus on what we consider to be the most significant of the set of amendments to the Company Law which essentially overhaul the registered capital payment system, thereby lowering the cost of market entry (the "Amendments").