Legal

China's new Law on Lawyers addresses fundamental rights for lawyers. This month, Joanna Law spoke with some of China's top lawyers who shared their views on the amendments and discussed what further changes would be beneficial to the profession.

China's new Law on Lawyers addresses fundamental rights for lawyers. This month, Joanna Law spoke with some of China's top lawyers who shared their views on the amendments and discussed what further changes would be beneficial to the profession.

With reports emerging of mass layoffs preceding its implementation, and factory closures or relocations to cheaper jurisdictions afterwards, the newly-effective Labour Contract Law has drawn much criticism. Large employers complain that it adds unreasonable costs, while employees are disappointed that the Law does not offer as many benefits for them as compared to the original draft. But is the Law as it stands a workable compromise, and can it be enforced in its current form prior to the release of implementing regulations?

With reports emerging of mass layoffs preceding its implementation, and factory closures or relocations to cheaper jurisdictions afterwards, the newly-effective Labour Contract Law has drawn much criticism. Large employers complain that it adds unreasonable costs, while employees are disappointed that the Law does not offer as many benefits for them as compared to the original draft. But is the Law as it stands a workable compromise, and can it be enforced in its current form prior to the release of implementing regulations?

Foreign investors allowed wider access to securities joint ventures.

Enterprise tax deductions further clarified in implementing regulations.

Cross-shareholdings required to be disclosed in annual reports.

Senior management of listed companies restricted from buying or selling shares of the company before release of the annual report.

Shanghai lawyers with a title of Post Qualification Experience [PQE] salaries are higher than that in Hong Kong, according to legal salary information…