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ARTICLE · 16 FEBRUARY 2015

Comparison Chart Re JV Law And Foreign Investment Law (Draft For Comments)

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On January 19, 2015, MOFCOM released a draft for comment of PRC Foreign Investment Law (the "FIL"). The deadline for comments is February 17, 2015.

ChinaGovernment, Public Sector

On January 19, 2015, MOFCOM released a draft for comment of PRC Foreign Investment Law (the "FIL"). The deadline for comments is February 17, 2015. The purpose of the FIL is to replace the present-day laws for foreign investment, i.e. PRC Sino-foreign Equity Joint Venture Law, PRC Sino-foreign Contractual Joint Venture Law and PRC Foreign Invested Enterprises Law (collectively, the "JV Law"). The major difference between the JV Law and FIL are as follows.

JV Law

FIL

Foreign Investors & Foreign Investment

The JV Law classifies foreign invested companies in three categories based on their company forms, i.e. sino-foreign equity joint venture, sino-foreign contractual joint venture and wholly owned foreign enterprise, and regulates the foreign invested companies accordingly.

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