Our Enterprise Law attorneys present advice and counsel regarding entity formation, structure, business continuity planning, and documentation of advanced business transactions involving mergers, acquisitions and financing preparations. Article 72: When a folks’s courtroom transfers the equity interests of a shareholder pursuant to the enforcement procedures stipulated in regulation, it shall notify the corporate and all shareholders, and the opposite shareholders shall have the priority purchase right beneath equal situations.
Article 18: The workers of an organization shall manage a labor union and conduct labor union actions in accordance with the Labor Union Law of the Individuals’s Republic of China to protect the lawful rights and interests of the employees. Article 35: After an organization is established, its shareholders might not withdraw their capital contribution.
Article 30: If, after establishment of a restricted liability firm, the precise worth of the non-currency property contributed as capital for the establishment of the company is discovered markedly lower than the value as set forth in the articles of affiliation of the company, the shareholder making such contribution shall make up for the distinction.
Article 1: The Firm Legislation of the People’s Republic of China (hereinafter referred to as the “Legislation”) has been enacted with the intention to standardize the organization and activities of companies, protect the lawful rights and interests of corporations, shareholders and collectors, safeguard the social and financial order and promote the development of the socialist market financial system.