Following the ground-breaking People's Republic of China (PRC) Foreign Investment Law (FIL) which unifies and replaces the main existing rules governing foreign invested enterprises (FIEs) and their activities, namely the Sino-Foreign Equity Joint Venture, the Sino-Foreign Cooperative Joint Venture Law, and the Wholly Foreign-Owned Enterprise Law (collectively the FIE Laws) being voted into law on 15 March 2019, the Ministry of Justice recently released the long-awaited draft PRC Foreign Investment Law Implementation Regulations (the Draft Implementation Regulations), to seek public comments.
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