Legal Updates for January 2017

China's Supreme People's Court Passes New Judicial Interpretations on the PRC Company Law

The Supreme People's Court of the People's Republic of China ("PRC") issued the Provisions on Several Issues Concerning the Application of the PRC Company Law (IV) (Draft for Public Consultation) (最高人民法院关于适用《中华人民共和国公司法》若干问题的规定(四)(征求意见稿)) ("Judicial Interpretation IV") on 12 April 2016 and passed the same on 5 December 2016 in principle. Judicial Interpretation IV provides further guidance on issues relating to the certain key aspects of the PRC Company Law. This Update provides a summary and analysis of Judicial Interpretation IV.