A must in China not a maybe. Before commencing business operations in China, companies must have obtained a business license from the company registration authority – usually the Administrative of Industry and Commence. The license demonstrates that the company is legal established. Once administrative formalities are completed and approved, such license is issued to the…
Read moreCategory: Corporate
Distributing dividends in China from the company’s capital contributions is prohibited. Any capital reduction shall be agreed by the board of shareholders and shareholders’ resolutions shall be passed. However, capital reduction shall not be conducted for the purpose of dividends. At Horizons, we encounter many cases of indirect illegal dividends distribution, where the overseas headquarters…
Read more
Legal framework between China and HK SAR courts establishes mutual recognition and assistance in filling for cross-border bankruptcy. On 14th May 2021, the Secretary for Justice of Hong Kong and the Vice-President of the Supreme People's Court (SPC) of China signed a record meeting on the mutual recognition of and assistancein filing for cross-border…
Read more