China Know-How

What distinguishes the Chinese WFOE from the German GmbH - Ecovis in Heidelberg

What distinguishes the Chinese WFOE from the German GmbH

For companies considering an entry into the Chinese market is the WFOE (also WOFE) the most popular type of company. WFOE stands for Wholly Foreign-Owned Enterprise. As the name suggests, it describes a company where only foreign investors are participating,...

Increased Liability Risks for Directors in China: A Comprehensive Guide with Numerous Examples - Ecovis in Heidelberg

Increased Liability Risks for Directors in China: A Comprehensive Guide with Numerous Examples

The recent changes in Chinese corporate law mark a significant shift in corporate governance and establish new, stricter standards for directors. This comprehensive guide sheds light on a variety of scenarios in which directors must now exercise increased caution to...

Chinas NEW Company Law! What you need to know! - Ecovis in Heidelberg

Chinas NEW Company Law! What you need to know!

266 articles, this will be the lengths of the new Chinese company law. The current version with 218 articles in total will get a full make-over with over 70 articles being added or substantially revised. As this is the first...

Liquidator Risks & Tasks: Compliance and closure - Ecovis in Heidelberg

Liquidator Risks & Tasks: Compliance and closure

In the business world, the termination of business activities is often an unavoidable step that companies may choose or be compelled to take. The reasons can be diverse, including a court decision following a dissolution lawsuit, the fulfillment of the...

Employer Gift-Giving in Germany and China Explained - Ecovis in Heidelberg

Employer Gift-Giving in Germany and China Explained

Christmas season is around the corner, and many companies are gearing up to prepare Christmas presents for their employees. Before diving into the festive spirit, it's crucial for a company to pay attention to certain aspects in advance to avoid...

How to stay compliant as a legal representative in China in 2023 - Ecovis in Heidelberg

How to stay compliant as a legal representative in China in 2023

Every limited liability company registered in China must have a legal representative who represents the company in the exercise of its rights and obligations. This position entails numerous powers and responsibilities. Corresponding to Article 13 of the Company Law, this...