Dezan Shira & Associates Collaborates with AustCham Shanghai to Analyze Impact of New Company Law on Foreign-Invested Companies’ Operations in China

Shanghai – April 16, 2024. Allan Xu, Partner of Dezan Shira & Associates, Business Advisory Services, shared her expertise at a seminar and roundtable titled “Navigating China’s New Company Law,” hosted by AustCham Shanghai at Fudan University EMBA office.

AustCham Shanghai, a key player in fostering investor collaboration since its establishment in 1994, is the largest Australian Chamber of Commerce in China. It acts as a dynamic community platform, ensuring businesses remain interconnected and well-versed in crucial updates pertinent to foreign-invested enterprises navigating the Chinese market.

During the event, Allan’s presentation “Opportunities and Challenges for Shareholders” offered practical insights into the evolving landscape of shareholder rights and responsibilities under the new law. With engaging case studies and advice spanning legal, taxation, and financial aspects, Allan provided attendees with a roadmap for navigating China’s dynamic business environment. She also put emphasis on internal training for foreign headquarters, highlighted the importance of understanding China’s unique social and legal context.

The panel interaction that followed was equally informative, and covered topics around the impact of the New Company Law on China’s society and economy. From discussing complexities around foreign shareholders to strategies for effective risk management, the session was lively and rich with valuable insights.

So, What Does China’s New Company Law Mean for Your Company?

Effective from July 1, 2024, the revamped law marks a new chapter in corporate governance in China. With significant alterations—including the removal of 16 articles and the addition and amendment of 228 others—it sets the stage for a more transparent and efficient business environment.

From redefining capital contribution mechanisms to enhancing shareholder protections and simplifying corporate registration processes, the new law presents both opportunities and challenges for businesses in China.

How Can Dezan Shira & Associates Support You?

For stakeholders eager to thrive in this evolving landscape, understanding these changes is crucial. Whether you’re a seasoned player or exploring opportunities in China, our Business Advisory Services team at Dezan Shira & Associates is here to support you.

We specialize in navigating Asia’s business and regulatory terrain, offering tailored advisory services to ensure compliance and maximize opportunities. With expertise spanning tax, audit, HR, and technology, we empower businesses to succeed in the dynamic Chinese market.

Looking for More Insights?

For a deeper dive into China’s regulatory landscape and the opportunities it presents, explore our Doing Business in China Online Portal and China Briefing, where you can find resources such as:

• [Guide] Navigating China’s New Company Law: A Guide for Foreign Investors
• [Article] China’s Revised Company Law in Effect from July 1, 2024: Key Details Here
• [Article] Increasing and Decreasing Registered Capital in China – A Guide for FIEs [2024 Update]

 

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