China's New Property Law: Practical Issues

June 02, 2007 | BY

clpstaff &clp articles

The new Law provides a comprehensive framework for the protection of property rights for both foreign and domestic parties. Clarity of title and stability of property rights will be easier to attain.

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By Huen Wong and Adam Arkel of Fried, Frank, Harris, Shriver & Jacobson LLP

At the close of the fifth session of the tenth National People's Congress (NPC) on March 16 2007, the People's Republic of China (PRC) enacted into law a comprehensive framework for the protection of real and movable property rights. The PRC Property Law (中华人民共和国物权法)will take effect on October 1 2007 and is widely hailed as a significant step forward in China's legal and economic development. It will apply to all individuals and corporations