Han Kun Law Offices
  January 15, 2024 - Mainland China

Reform of Capital Contribution Rules in the 2023 Company Law – What Companies and Shareholders Need to Know
  by Han LIAO, Yumeng HE, Jiajie ZHANG

China's Company Law was enacted in 1993 and underwent certain amendments in 1999, 2004, 2005, 2013 and 2018. In response to the latest trends and demands in economic development, China adopted a comprehensive amendment to the Company Law on December 29, 2023 (the "2023 Company Law"), which will take effect on July 1, 2024.

The rules concerning capital contribution are of great importance to companies and their shareholders and creditors. This article will focus on the amendments related to the capital contribution rules with respect to limited liability companies in the 2023 Company Law, and will try to provide some insights and practical advice in relation to such amendments.

Read full article at: https://www.hankunlaw.com/upload/portal/20240122/3672045ca44ce42ec845bbba53d7eb83.pdf