The revised Company Law of the People's Republic of China (PRC) that was adopted at the seventh meeting of the Standing Committee of the 14th National People's Congress on 29 December 2023 and will come into effect on 1 July 2024 (hereinafter referred to as the "2023 Company Law") makes changes that will affect multinational companies (MNCs).
Highlighted below are some key changes relevant to MNCs with equity investments or intending to invest in China.
- Shareholders of a limited liability company …