By King & Wood Mallesons’ Compliance  Team

Many of our clients have expressed concern about the legal liabilities faced by senior management of state owned enterprises (“SOE”). As defined by law, senior management of an SOE generally includes legal representatives, directors, supervisors, and other employees classified as senior management. As these employees have special status and responsibilities, they may in certain circumstances bear criminal, civil, administrative or economic liability for their own acts or those of the SOE.
Continue Reading Liabilities Faced by SOE Senior Management

By Liu Xiang Wen Xia Dongxia and Li Xinyu King & Wood’s Dispute Resolution Group

Under PRC laws, the legal representative of a company is the person who acts in the name of the company and represents the company in the exercise of its rights and obligations. The legal representative is a fundamental part of a company’s corporate governance structure. To an extent, the person who is appointed to the position of the legal representative is authorized to conduct many of the company’s affairs. However, the legal representative must fulfill certain duties while exercising his/her rights. This article will briefly introduce the potential legal risks that a legal representative may face under civil, criminal and administrative laws and how such risks are often prevented or minimized based on China’s legal practices.

I. The legal representative of a company should also be its board chairman or its general manager


Continue Reading Minimizing the Risks that Legal Representatives Face

作者:刘相文 夏东霞 李欣宇 金杜律师事务所争议解决

根据我国法律,公司的法定代表人是指依法代表法人行使民事权利,履行民事义务的主要负责人,对外以公司名义行事。法定代表人是公司法人治理结构最重要的组成部分。从某种意义上讲,担任了公司的法定代表人,即掌控了公司的核心权力。然而,法定代表人在行使权力的同时,也必须承担相应的法律责任。本文拟从民事、刑事和行政三个方面,对公司法定代表人可能承担的法律责任做简要分析,并结合我国司法实践对法定代表人法律风险的防范提出建议。

一、公司的法定代表人应由公司的董事长或总经理担任


Continue Reading 公司法定代表人的法律风险及防范

作者:曾宪武 金杜律师事务所外商投资

自1978年改革开放以来,特别是最近十(10)年,中华人民共和国(“中国”)发生了巨大变化。中国成为世界经济的增长引擎,通过其日益强劲的出口、与其他国家日益密切的贸易合作关系以及国内消费的增长,为世界经济发展加油。在2011年的前(九)9个月,中国已经吸引了1778亿美元的合同外资金额。尽管中国是全球最大经济体之一,并且吸引了规模巨大的外资到中国进行投资,然而,中国有关外商投资的基本法律法规,对于那些想到中国投资的或者熟悉其本国法规的外国投资者而言,却似乎仍显得神秘。为使您对中国的政治体制、法律制度和投资环境有更好的了解,我们在本文中对中国的商业法律环境进行了简要概述,以供参考。

Continue Reading 外商在中国投资综述