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Law and Politics
Reference:

Legal position of companies engaged in business activities in China. What you need to know when establishing a company?
Belikova Ksenia Mikhailovna

Doctor of Law

Professor, the department of Civil Law and Procedure and International Private Law, Peoples' Friendship University of Russia

117198, Russia, g. Moscow, ul. Miklukho-Maklaya, 6, of. 359

BelikovaKsenia@yandex.ru
Другие публикации этого автора
 

 

Abstract.

The subject matter of this article comprises legal aspects of different kinds of companies engaged in business activities in one of the BRICS countries and the partner of Russia – China, from the perspective of preference of doing business the work characterizes main features of each of the countries. This research includes the most important facets of their functions, from establishment to liquidation. Special attention is paid to the question of issue and characteristics of the shares, the rights and obligations of the parties, as well as the order of functions of the administration. From this position the author uses general scientific methods (system analysis and synthesis of normative and practical materials, etc.) and special legal methods of legal research (comparative, of interpretation of legal norms, etc.). The main conclusions of the study are, in particular, provisions according to which it iss established that national peculiarities of legal framework of activities of business companies in China are manifested in the conditions of formation of the authorized capital (the timing, amounts and types of payment, including payments at the time of registration), in the terms permitted by law to their participants; in the definition of the laws with regard to the quorum of the General meetings and number of votes for adoption of their decisions; in the composition, competence and responsibility of the Board of Directors and Supervisory Board; in the requirement of PRC law to establish companies and ensure the work of the Communist Party and Trade Unions; in the procedure of liquidation that requires uniform implementation stages. The results presented in this article are the source of relevant and up to date information about the existing law of one of the fastest growing countries in the world, and thus can be useful for practitioners with ties to China, as well as law enforcement bodies in Russia. It also serves as a source of valuable information that enriches the domestic private law.

Keywords: articles of Association, corporate management structure, establishment of a company, issue of shares, business companies, China, BRICS, reorganization, liquidation, business

DOI:

10.7256/2454-0706.2017.5.22831

Article was received:

08-05-2017


Review date:

03-05-2017


Publish date:

08-06-2017


This article written in Russian. You can find full text of article in Russian here .

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