Shanghai – October 27th, 2015 – Mr. Carlo Diego D’Andrea, as Vice Chairman of the Board of Director of the European Union Chamber of Commerce in China (EUCCC) Shanghai Chapter, presented the Position Paper at the Italian Business Community in East China together with Mr. Claudio Pasqualucci, Trade Commissioner of ITA (Italian Trade Agency) Shanghai, signing the first time that ITA Shanghai become a member of EUCCC. The Italian Consul General in Shanghai, Mr. Stefano Beltrame organized and attended this successful event which attracted the interest of all Italian companies members and non-members of EUCCC.
Provisions of the New Company Law on the Dismissal and Resignation of Directors China’s new Company Law, which will come into effect on July 1, 2024, creates the following systems for the dismissal and resignation of directors: first, the shareholders’ meeting may resolve to dismiss a director, but if a director is dismissed before the
The new Company Law was amended and passed on December 29, 2023, and will come into effect on July 1, 2024. The new law shortens the deadline for subscribed capital contributions, allowing companies to adjust their registered capital according to their operational conditions. This article starts by focusing on the key provisions of the new
On March 22, 2024, the Cyberspace Administration of China officially announced the Regulations on Facilitating and Regulating Cross-border Data Flow (“Regulations”) and took effect upon the date of announcement. According to the previous regulatory requirements for data outbound transfer, there are three main methods for data outbound transfer: security assessment, standard contract, and protection certification.
