China – New company law 11-03-24

11 March 24
In a significant overhaul aimed at reforming the business regulatory landscape, China has introduced the New Company Law, set to take effect on July 1, 2024. This pivotal legislation introduces critical changes across various domains, including capital management, corporate governance, director responsibilities, and procedural simplifications, all tailored to foster a more transparent, efficient, and equitable business environment.

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