Legislation roundup: SPC labour Interpretation and CSRC Guidelines for listed companies
January 25, 2013 | BY
clpstaff &clp articlesThe Supreme People's Court has issued an Interpretation on criminal cases over remuneration, while the China Securities Regulatory Commission has produced Guidelines on the use of proceeds raised by listed companies
Employment
Supreme People's Court, Interpretation on Several Issues Concerning the Application of the Law in the Trial of Criminal Cases on Refusal to Pay Labour Remuneration
The Interpretation defines “labour remuneration” to include wages, bonuses, allowances, subsidies, overtime payments and wages paid in special circumstances. Hiding, destruction or alteration of accounts books, the employee register, or records of wage payments or attendance is regarded as "using methods such as diversion of property and abscondence in order to avoid paying labour remuneration".
See the digest for more details.
Further reading
PRC Employment Contract Law, Jul/Aug 2007
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