On 15 March 2019, the National People's Congress of the People's Republic of China ("PRC") promulgated the new PRC Foreign Investment Law ("FIL"). When the new 2019 FIL comes into force on 1 January 2020, it will repeal the PRC Wholly Foreign Owned Enterprise Law, PRC Sino-foreign Equity Joint Venture Law and PRC Sino-foreign Contractual Joint Venture Law (which are currently the laws applicable to foreign investments in PRC).
This Update sets out a short summary of the salient terms of the new FIL.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the partner at WongPartnership that you normally deal with or any of the following partners:
Joseph HE
Head – China Practice
d +65 6416 8218
e joseph.he@wongpartnership.com
Click here to see Joseph’s CV.
Gerry GAN
Partner – China Practice
d +65 6416 8006
e gerry.gan@wongpartnership.com
Click here to see Gerry’s CV.
Miao MIAO
Partner – China Practice
d +86 21 3306 4990
e miao.miao@wongpartnership.com
Click here to see Miao’s CV.
|
Weitan LIANG
|