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JV Compliance Issues during the Transition Period under the new FIL

On 1 January 2020, the Foreign Investment Law of the People’s Republic of China (“FIL“) came into force, at the same time, the four-decades old Sino-foreign Equity Joint Venture Law of the People’s Republic of China (“EJV Law“) and the three-decades-plus old Sino-foreign Co-operative Joint Venture Law of the People’ Republic of China (“CJV Law“) and their relevant regulations were simultaneously repealed. Read more…