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Dear members and friends, |
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On 29 December 2023, China enacted its substantially revised Company Law. It now contains 266 articles with sweeping changes in many areas and will take effect on 1 July 2023. Another important deadline is 31 December 2024, by which time older foreign-invested enterprises must adjust their organizational form and other aspects. The revised Company Law includes, among other things: Revised capitalization rules, including: a 5-year deadline for capital contributions and transition rules for existing companies; publication of registered and actual paid-up capital, internal audit requirement for paid-up capital and legal consequences for late contributions; right of third-party creditors to demand earlier capital contributions. Changed internal structure, including: an optional "audit committee" within the board of directors; possible incorporation of companies without a supervisory board. Mandatory involvement of employee representatives, in the board / supervisory board of companies with more than 300 employees; during company restructuring. Revised share transfer rules, including waiver of pre-emption rights; enforcement of share transfers; liability of transferee; right of shareholders to require company to purchase their shares in certain cases. Liability of legal representatives, directors, officers, controlling shareholders; duty of loyalty, duty of care; special liability in relation to related transactions; during the formation process; in relation to wrongful distribution of profits. Formalities, including: resignation of the legal representative, electronic decision-making, invalidity of shareholder/board decisions, mandatory extension of the term of office of directors/supervisory directors.
In this session, Mr. Ralph Koppitz, lawyer and partner of Rödl & Partner China, will introduce the main changes of the new Company Law, including the mandatory obligations for older companies to revise their organizational form, organizational structure, etc.
Agenda：TBC Fee: Participants will pay individually on consumption. Every attendee will get a free welcome drink (300ml beer or soft drink), and will get a 20% discount on their bill. (except beer)
To get an idea of how many persons will attend, we would be pleased if you could register online in advance.
If you have any questions, please feel free to contact Ms. Zhang Zilu at zhang.zilu@china.ahk.de
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Ralph Koppitz
Partner, Rödl & Partner; German Chamber East China Board
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Organizers & Yearly Sponsors 2024|25 |
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German Chamber of Commerce in China - North China DRC Liangmaqiao Diplomatic Office Building | Unit 0601C 19 Dongfang
East Road | Chaoyang District | 100600 Beijing | PR China T: +86 10 6539 6688 E: chamber-north@china.ahk.de www.china.ahk.de |
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Disclaimer: ©2024 German Chamber of Commerce in China (GCC) / German Industry and Commerce (Taicang) Co., Ltd. (GIC) and its branches / three Delegations of German Industry and Commerce (Delegation). No part of this event and/or content and/or publication and/or video may be reproduced without prior permission. For further questions, please refer to the provided contact persons. While every reasonable effort is made to ensure that the information provided is accurate, no guarantees for the currency or accuracy of information are made. All material relating to information, products, and services (or to third party information, products and services), is provided 'as is', without any representation or endorsement made and without warranty of any kind, including the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, compatibility, security and accuracy. The speakers and/or contributors are solely responsible for the content thereof. Views expressed do not necessarily represent those of the German Chamber of Commerce in China and/or the Delegation of German Industry and Commerce in Beijing and/or the Delegation of German Industry and Commerce in Shanghai and/or the Delegation of German Industry and Commerce in Guangzhou and/or the German Industry and Commerce (Taicang) Co., Ltd. and its branches in China, and these entities will not be liable for any loss or damage whatsoever arising from infringement or any defect of rights of the content of the event and/or content. This information includes links to other websites. These links are provided for your convenience to provide further information. They do not signify that we endorse the website(s). We have no responsibility for the content of the linked website(s). In case of event registration, your personal data will be collected, processed, and used solely in compliance with the applicable data protection regulations. All our events follow Chatham House Rules. The posting of presentation materials is at the speakers' and/or contributors’ discretion. We reserve the right to use any photograph/video taken at any of our events.
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