On 28 April 2019, the Supreme People’s Court promulgated the Provisions on Several Issues concerning the Application of the Company Law of the People’s Republic of China V (“The Provisions”). Containing six provisions, The Provisions pave the way to further steps in protecting the corporate rights of shareholders and encourages dispute resolution between shareholders without…
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In China, under Company Law of the People’s Republic of China (2014), there is no required minimum amount for registered capital to establish a limited liability company in China. Although special industries may specify a minimum amount such as in finance, securities and insurance. The total amount of capital registered is not required to be…
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Under Company Law of the People’s Republic of China (revised 2018), the corporate governance of a limited liability company shall include shareholders, a board of directors and senior officers. Previously, we reflected on the corporate governance structure and responsibilities. Here, we focus on the importance of the board of supervisors or supervisor in a limited…
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