New China Supreme Court Rule Provides Legal Avenue for Addressing Irregularities in Corporate Decision Making Process
On August 5, 2017, the Supreme People’s Court issued its 4th edition of Provisions concerning the application of the Company Law by people’ courts. The new provisions address several issues including the validity of company resolutions, shareholder’s right to know, right to distributions of profits, preferential rights to purchase shares, and shareholder’s derivative actions. The …