The Foreign Investment Law (the following referred as FIL) comes into force on 1st January 2020, in order to effectively implement FIL, Ministry of Justice, Ministry of Commerce, and National Development and Reform Committee jointly drafted the Implementation Rule of FIL, currently seeking the comments.
The Implementation Rule includes the articles about the principals, the promotion, protection, management of the investment, the arrangement during the transferring period, the management of reinvestment, and the application of the Rule to Hongkong and Macau enterprises. Explicit and precise FIL and Implementation Rule could guarantee the legal interest of the foreign investors, promote the foreign investment and further strengthen the opening policy.
Since the FIL and its Implementation Rule significantly impact the essential interests of the Foreign invested companies, their willing and comments need to be taken into the consideration by the Administrations. In order to fully express the voice from our members on the relative legislation, we invite the members to join the Working Group meeting to discuss and comment on the draft of Implementation Rule of FIL.
Agenda:
10: 00-10:10 Open speech by Chair
10: 10-10:30 Introduction by Barbara Li, NORTON ROSE FULBRIGHT Law firm
10: 30-12:00 Members discussion