Legislation roundup: Civil Procedure Law and cash dividends
September 07, 2012 | BY
clpstaff &clp articles &The National People's Congress passed the second revision to the Civil Procedure Law establishing a system for public interest litigation, while the Shanghai Stock Exchange has issued Draft Guidelines for listed companies to enjoy fast-track treatment
Procedure law
PRC Civil Procedure Law (2nd Revision)
The second revision establishes a system for public interest litigation by allowing authorities and relevant organisations specified by law to institute cases with people's courts. The cases must relate to acts that prejudice the public interest such as environmental pollution and harms to the lawful rights and interests of mass consumers.
See the digest for more details.
See the full translation.
Further reading:
PRC Civil Procedure Law (Revised), Mar 2008
Safeguarding public interest, Mar2008
Cash dividends
Shanghai Stock Exchange, Guidelines on Distribution of Cash Dividends by Listed Companies (Draft for Comments)
According to the Draft Guidelines, listed companies having high cash dividend amounts and high cash dividend-net asset ratios can enjoy fast-track treatment from the Shanghai Stock Exchange when handling re-financing and M&A market access matters.
See the digest for more details.
Further reading:
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