By Wu Ye, Kuang Jingting and Tan Lanwei

Why Amend

The Foreign Investment Law of the People’s Republic of China (the “Foreign Investment Law”) that issued last year came into effect on  January 1, 2020 together with the supporting Regulations for the Implementation of the Foreign Investment Law of the People’s Republic of China (the “Implementation Regulations”). Upon its taking effect, the Foreign Investment Law repealed the three fundamental laws which previously regulated foreign-invested enterprises (“FIEs”) in China – the Law of the People’s Republic of China on Sino-foreign Equity Joint Ventures (the “Equity Joint Ventures Law”), the Law of the People’s Republic of China on Sino-foreign Contractual Joint Ventures (the “Contractual Joint Ventures Law”) and the Law of the People’s Republic of China on Wholly Foreign-Owned Enterprises (collectively referred to as the “Three Laws governing FIEs”), together with their corresponding implementation regulations and detailed implementation rules, were repealed thereafter.  As a result, the relevant provisions on corporate governance and control in the Three Laws governing FIEs no longer apply.
Continue Reading Why not Use the Time of Telework to Amend the AOA of FIEs?