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The Company Law of the People's Republic of China is a law which was passed by the National People's Congress of the PRC on 29 December 1993 and came into force on 1 July 1994. [1] It has been amended several times since then. The most current version of the law took effect in 2018. [2] The law regulates limited liability and joint stock ...
Major areas of law are substantive laws and procedural laws. The former include administrative law, criminal law, civil law or business law, and economic law. These are separated into different branches. For example, contract law is considered a branch of civil law.
Soon after China's reform and opening up, the country adopted its first law on equity joint ventures in 1979, and the laws on wholly foreign-owned enterprises and cooperative joint ventures were enacted in the 1980s. Over the past decades, they have provided legal safeguards for foreign firms and promoted foreign investment and cooperation in ...
Laws Voting results (Yea / Nay / Abstain) Amendment(s) 8 November 1988: Wild Animal Conservation Law: 2004, 2009, 2016, 2018 7 September 1990: Law on the Protection of the Rights and Interests of Returned Overseas Chinese and the Family Members of Overseas Chinese: 2000, 2009 28 December 1990: Law on the Protection of Disabled Persons: 2008, 2018
China's first comprehensive antitrust law was the Anti-Monopoly law which was passed in 2007 and became effective in 2008. [2]: 89 In June 2022, the final version of the revised Anti-Monopoly Law (AML) was released by the Standing Committee of the National People's Congress (NPCSC) of China.
The State Administration for Market Regulation (SAMR; 国家市场监督管理总局) is a Chinese ministerial-level agency directly under the State Council of the People's Republic of China responsible for market supervision and management. SAMR was established in 2018. It is China's primary antitrust regulator.
Lutnick's financial ties to China raise questions over whether he would be unduly influenced by Beijing while overseeing a broad swathe of U.S. export controls against China, including over ...
In formulating laws, the PRC has been influenced by a number of sources, including traditional Chinese views toward the role of law, the PRC's socialist background, the German-based law of the Republic of China on Taiwan, and the English-based common law used in Hong Kong. Legal reform became a government priority in the 1990s.