Shareholders’ right of first refusal, means where the shareholder of a limited liability company intends to sell his/her shares of the company to an outsider, the other shareholders have the prior right to buy such shares under the Equal Conditions. The Judicial Interpretations (IV) further stipulated the followings regarding the right of first refusal:
In July 2025, five government authorities, including the Ministry of Commerce, jointly issued the Work Plan to Support Beijing in Piloting the Implementation of the WTO E-Commerce Agreement.[1] This milestone marks a new stage in China’s efforts to align its institutional opening and digital trade rules with international standards. As a core hub for digital
On September 30, 2025, China’s State Council officially issued the Notice on Implementing Domestic Product Standards and Related Policies in Government Procurement (Guobanfa [2025] No. 34, hereinafter referred to as the “Notice“), which clearly outlines major adjustments to the evaluation mechanism for domestic products in government procurement. The policy takes effect on January 1, 2026, and its
On September 1, 2025, the highly anticipated Interpretation (II) of the Supreme People’s Court on Several Issues Concerning the Application of Law in the Trial of Labor Dispute Cases (hereinafter referred to as “Interpretation (II)”) officially came into effect. Among its provisions, Article 19, with its distinctive position and clear legal consequences, has aroused widespread
