Legislation roundup: Employment Contract Law and Securities Investment Fund Law revised

January 04, 2013 | BY

clpstaff &clp articles

The Standing Committee has promulgated the long-awaited Employment Contract Law, which strictly regulates labour dispatch workers. The Committee also promulgated the Securities Investment Fund Law, which now regulates private equity funds

Employment

PRC Employment Contract Law (Revised)

中华人民共和国劳动合同法 (修订)

Article 66 of the Law, which stated: “In general, placement shall apply to temporary, ancillary or substitute positions,” has changed to “Placement is of a complementary nature and shall only apply to temporary, ancillary or substitute positions.” Also, a temporary worker should enjoy the same work remuneration as other workers of identical positions in the company. Fines on temp agencies and employers of temporary workers violating the Employment Contract Law have also been increased.

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