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Why liquidating your company is essential for foreign investors?

Foreign investors may decide to close their China operations for various reasons. According to the relevant laws, rules, and regulations, closing operations in China involves dissolving and liquidating the company. Abandoning a company without completing the legal requirements can result in serious penalties for both personnel of the company and the company. Specifically, the personnel…

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How the Export Control Law affects your company in or outside of China?

The Export Control Law of the People’s Republic of China (“ECL”) took effect from 1 December 2020. Previously, export controls were scattered across several laws and regulations and lacked a unified regulatory system. The ECL establishes the regulatory framework for export control and defines the controlled items subject to export control. For foreign companies, specifically…

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