ONLINE & OFFLINE | BREAKFAST SEMINAR @ GERMAN CENTRE BEIJING
Join our first offline & online breakfast seminar to get the latest updates on China’s Corporate Social Credit System and New Foreign Investment Law. Enjoy German breakfast and juice for free at our beautiful DRC meeting rooms or join the event online!
Date: 30 October 2020, 9 a.m.
Partners: WZR Beijing Ltd.
Venue: German Centre Beijing
DRC Liangmaqiao Office Building Unit 1101A
Registration: https://www.germancentre.cn/en/news-events/event-registration/ or send an email to firstname.lastname@example.org
Important: please state whether you will join this event offline or online. You will receive a confirmation mail including login link after registration.
The Corporate Social Credit System and its ongoing development is important for companies to avoid negative implications for the company itself or its management staff. According to a WZR client survey, this topic is currently also the most pressing one.
One essential part of the Corporate Social Credit System are "black lists" for companies. If companies are included in such lists, they might be subject to e.g. tighter controls by public authorities, the exclusion of public tenders or a ban on responsible persons from taking on management positions in Chinese companies.
The speakers will share new developments and best practice, including news about the massive database called the National “Internet+Monitoring” System as well as legal consequences of negative ratings as well as the possibilities of deleting such bad ratings.
The second topic of the seminar is the new Foreign Investment Law and its implementing rules which came into effect in January 2020. The new regulations replace the previous laws applicable to Wholly Foreign Owned Enterprises (WFOEs) and Joint Ventures (JVs).
The speakers will introduce the most important features of the new Foreign Investment Law and its impact on existing companies as well as new investment projects.
The impact of the Foreign Investment Law on existing companies operating in China is significant. Existing JVs need to renegotiate and amend their JV contract. WFOEs need to adjust their organizational structure under specific individual circumstances. In case existing WFOEs and JVs fail to comply with the new Foreign Investment Law on time, they may be blacklisted in the Corporate Social Credit System and be blocked to extend their operations in China.
Dr. Florian Kessler
Managing Partner of WZR China 20 years of professional experience in German and Chinese Law 15 years on-site experience in China Master degree in business law Ph.D. in international law Arbitrator at China International Economic Trade Arbitration Commission (CIETAC) Visiting Professor at the China University of Political Science and Law
Senior Associate at WZR China 15 years of professional experience in companies, consulting and law firms in Germany and China 10 years on-site experience in China Master degree in business law