Allowing Foreign Participation In Chinese Partnerships

Law360, New York (December 14, 2009, 3:41 PM EST) -- On Dec. 2, 2009, the State Council, China’s central government cabinet, announced the “Measures for Foreign Entities or Individuals to Establish Partnership Enterprises in China,” which will become effective in March 2010.

The Measures, carrying the legal effect as a Chinese central government administrative regulation, will permit foreign enterprises and foreign individuals (or the “natural persons”) to establish or invest in partnerships inside China (“foreign invested partnerships” or FIPs).

Previously, only Chinese domestic enterprises or individuals could be partners in partnerships in China. Nearly 30 years...
To view the full article, register now.