One Hesitant Step Forward: New Company Law Brings Mixed Feelings

Whilst China's new Company Law is not all it could have been, it goes a long way in introducing protection for minority shareholders, improving corporate governance and ensuring more realistic capitalization requirements for the establishment of companies.

11 minute read November 30, 2005 at 11:58 PM

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By Jean-Marc Deschandol and Charles Desmeules, Norton Rose, Beijing

The new PRC Company Law (中华人民共和国公司法)('New Company Law') was issued by the National People's Congress Standing Committee on October 27 2005 and was effective starting January 1 2006.

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