The National People’s Congress Standing Committee (NPCSC) passed a significantly revised version of the Company Law on 29th December 2023, which will enter into force on 1st July 2024. This timing coincides closely with the expiration of a five-year grace period for foreign-invested companies to adjust to China’s Company Law by the beginning of 2025. This grace period began when the Foreign Investment Law (FIL) came into force on 1st January 2020. 

The revised Company Law presents several new requirements for businesses, including updates to capital contribution rules for limited liability companies (LLCs), new diligence requirements for management and supervisors, and the requirement of an employee representative on boards of directors of some companies. It also includes new options for companies, such as the ability of companies with a small number of shareholders or a small scale of business to have no supervisor, the option for an audit committee in lieu of a supervisory board or individual supervisors for LLCs and greater freedom to choose which personnel can serve as legal representative.

During the seminar, we will explore the significant transformations within China's Company Law, focusing keenly on their implications for both established and newly formed Limited Liability Companies (LLCs). The presentation will delve into the intricacies of these changes from both legal and financial standpoints, covering the following key aspects: 

Presentation Outline:

·       Strategic Adaptation to Capital Injection Rules

·       Evolving Corporate Governance Landscape

·       Innovations in Supervisory Roles

·       Firming Up Fiduciary Duties

·       Navigating Updated Equity Transfer Rules

Agenda:

18:00 – 18:30   Registration and Networking

18:30 – 18:35   Welcoming remarks by Mr. Kucifer, head of Changzhou International Foreign Managers Forum and European Chamber Nanjing Representative                                             

18:35 – 19:00   Presentation by Mr. Riccardo Verzella, Senior Associate, D’Andrea & Partners Legal Counsel in the Shanghai Office

19:00 – 19:25   Presentation by Mr. Devin Li, Senior Financial Consultant at PHC Advisory

19:25 – 19:45   Free discussion and Q&A

19:45 – 20:30   Business networking with standing buffet dinner  

* This event is co-organized by Changzhou International Foreign Managers Forum. 

Payment:

Pay to the hotel at site and please require the fapiao from the hotel. 

Terms & Conditions:

This event has limited seating and requires registration and payment in advance. No walk-ins accepted.

Cancellation Policy:

If you cannot attend this training, please cancel your registration at least 3-working days before. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs.

To cancel, please contact Ms. Annie Zhou at azhou@europeanchamber.com.cn.

Speakers

Mr. Riccardo Verzella

Senior Associate, D’Andrea & Partners Legal Counsel in the Shanghai Office

Mr. Riccardo Verzella

Senior Associate, D’Andrea & Partners Legal Counsel in the Shanghai Office

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Riccardo Verzella, a qualified Italian lawyer, currently holds the position of Senior Associate at D’Andrea & Partners Legal Counsel in the Shanghai Office. Since 2021, he has also been concurrently serving as a Lecturer in Italian Civil & Commercial Law at Nanjing University. Graduating with honors in Law from the University of Teramo (Italy) and undertaking a visiting student program at the Koguan Law School of Shanghai Jiao Tong University, Mr. Verzella continued his legal education by earning an LLM in Business & Company Law from LUISS Guido Carli University in Rome. With a professional journey spanning over 7 years, he specializes in cross-border issues, including Corporate/M&A, Foreign Direct Investment (FDI), Intellectual Property Rights (IPR), and Labor Law, across China, Italy, and Vietnam. Noteworthy is Mr. Verzella's expertise in personal information protection compliance in China, specifically in the intricate landscape of cross-border transfers. He has also actively contributed as a speaker at various roundtables addressing Personal Information Protection compliance in China.

Mr. Devin LI

Senior Financial Consultant at PHC Advisory

Mr. Devin LI

Senior Financial Consultant at PHC Advisory

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Devin Li boasts extensive professional experience garnered from both China and the United States, where he practices his expertise in accounting and finance while holding various managerial positions.
Following the completion of his Bachelor’s and Master’s degrees in Accounting in the United States, Devin embarked on his professional journey, commencing with roles at China Everbright Bank and Ernst & Young. Subsequently, he assumed pivotal positions within diverse international and Chinese corporations based in Shanghai. Notably, he served as Deputy Chief Financial Officer in a manufacturing company with a substantial investment of 300 million CNY.
In 2019, Devin joined the PHC Advisory Tax & Accounting team as a Financial Manager, swiftly garnering recognition for his outstanding performance and unwavering commitment to client satisfaction. His exemplary track record led to his appointment as a senior Financial Manager, where he continues to excel in delivering exceptional results.

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