Find here the Daxue Talks episode 18. From the talk with Coster, learn useful tips about changes to Chinese business law.
Full transcript below:
I am Nicolas Coster, I’m a Frenc
- What are the consequences of the changes for those who have WFOE or JV in China?
For the JV, the changes are much bigger, because, for the JV, they are not according to the company law in China, meaning there will be a switch between the meeting of investors and the board of directors to be the main power of a company.
2. How much time do I have to change the format of the company? And how will the process look?
Nicolas Coster: The first thing you have to do
3. Considering the change of power from the directors to the investors in JV, is it compulsory to change this balance of power?
Nicolas Coster: It is compulsory which is mean you don’t have a choice; you have to change it.
4. Does It mean that the former structure with the director deciding of the changes of the company can block this change of balance of power to other investors and shareholders?
Nicolas Coster: Until 2025, yes, they can block; after 2025 they have to follow the law because they will not be able to block it.
Daxue Talks is a show powered by Daxue Consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China.