On February 27, the Legal Affairs Committee hosted an event regarding the recent amendments to China’s Company Law. The amended law, set to take effect on July 1, 2024, introduces significant regulatory measures aimed at bolstering corporate governance standards, particularly for limited liability companies and companies limited by shares.
Foreign-invested companies operating in China are poised to undergo substantial adjustments in light of these legislative changes. Key areas of focus include compliance with updated corporate governance regulations, restructuring to align with revised provisions, and adapting internal policies and procedures accordingly.
The amendments are anticipated to impact various facets of foreign companies’ operations in China. From restructuring corporate governance frameworks to revising contractual agreements, foreign investors will need to navigate these changes diligently to ensure continued compliance and operational efficiency
To provide clarity and guidance on navigating these changes, the AmCham China Legal Affairs Committee convened a panel of esteemed professionals on February 27. The event featured insights from Bin Liu, Associate Professor of the Institute of Business Law at China University of Political Science and Law, and experts from Han Kun Law Offices LLP, including Ray Shi, Aaron Zhou, Ruby Jiang, and Qimin Zhu.
Attendees had the opportunity to engage with these experts, gaining valuable insights into the implications of the amended Company Law and strategies for adapting to the evolving regulatory landscape. Through collaborative dialogue and expert guidance, the event aimed to empower foreign investors with the knowledge and resources necessary to navigate the complexities of operating within China’s evolving legal framework.
Special thanks to Han Kun Law Offices for sponsoring this informative event. Interested in learning more about the Legal Affairs Committee? Click here to learn more or contact Ada Yang.