The “Several Provisions of the Supreme People’s Court on the Application of the Temporal Effect of the Company Law” has come into effect on July 1, 2024
The Supreme People’s Court has issued the “Several Provisions of the Supreme People’s Court on the Application of the Temporal Effect of the Company Law”(hereinafter referred to as the “Provisions”) regarding the legal retroactive effect of the revised provisions after the implementation of the revised “Company Law” on July 1, 2024. The “Provisions” clarifies that in principle, the previous “Company Law” shall be applied to the previous legal behaviors, except 5 categories of exceptions, which are as follows. Applying the revised “Company Law” is more conducive to the realization of the legislation purpose of the “Company Law”. The new regulations…