China's new Company Law has laid a solid foundation for companies to improve their corporate governance, including new provisions granting significant rights to minority investors vis à vis management and controlling shareholders. The new law also grants shareholders the ability to enforce these rights through derivative and direct lawsuits. However, given China's weak enforcement environment and relative inexperience with private lawsuits, is the new law adequate to uphold shareholders' rights?
Arising from a specific Municipal Higher People's Court case, the China Insurance Regulatory Commission issued opinions that may be referred to by subsequent judicial decisions.
Issued: February 21 2006Main contents: The Reply clarifies the obligation of truthful disclosure by the proposer. clp reference:3900/06.02.21promulgated:2006-02-21
Chinese domain names have become an important online marketing tool for businesses with a strong presence in China. However, the lack of regulation is a major concern and may lead to website domain name disputes. What options are available to resolve such disputes and how can businesses protect these intellectual property rights?