Most people believe China has a ‘great wall’ all around its boundaries. The same belief holds when it comes to debt collection, especially if one of the parties is out of China.
At Horizons, we’ve met several cases where the creditors have simply given up when it comes to debt collection. Our position in this matter, before you write off your losses, is to know that the Chinese legal system is actually on your side.
Often, lack of awareness of the […]
Read moreShareholders’ meeting
Company Law of the People’s Republic of China establishes the shareholders’ meeting of a limited liability company to be comprised of its shareholders and is the highest authority in the company. The Shareholders’ meeting is an indispensable component in which members exercise their investor’s right to collectively govern the company, in accordance with Company Law.
The shareholders’ meeting convenes on resolutions for major issues rather than the daily operations of the business; the members may exercise the following functions:
Determination of […]
Read moreIn 2011, the “PRC Law on the Application of Laws to Foreign-Related Civil Relations” (“Law”) was promulgated to provide for what the applicable laws should be when foreign-related civil relations are involved. The definition of “foreign-related civil relations”, however, was not specifically set out in the Law and was, more or less, scattered across various laws and regulations, as well as judicial interpretations of the Supreme People’s Court.
The Law of PRC on Application of Law in Foreign-related Civil Relations (The […]
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