23 January, 2017
China's Supreme People's Court Passes New Judicial Interpretations on the PRC Company Law
The Supreme People's Court of the People's Republic of China ("PRC") issued the Provisions on Several Issues Concerning the Application of the PRC Company Law (IV) (Draft for Public Consultation) (最高人民法院关于适用《中华人民共和国公司法》若干问题的规定（四）（征求意见稿）) ("Judicial Interpretation IV") on 12 April 2016 and passed the same on 5 December 2016 in principle. Judicial Interpretation IV provides further guidance on issues relating to validity of the resolutions issued by the shareholders and directors, shareholders' right of information, shareholders' right of requesting profit distribution, shareholders' pre-emptive rights of purchasing equity interests, company's direct action and shareholder's derivative action under the PRC Company Law, which was amended in 2013.
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For further information, please contact:
Eng Beng SC, Partner, Rajah & Tann
eng.beng.lee@rajahtann.com
