Legislation roundup: Civil law, company law and atomic energy
September 23, 2018 | BY
Susan MokContracting parties will need to recover used items, company law revision offers a broader scope for corporate share buybacks and investment of private capital in the nuclear fuel cycle industry is encouraged
Civil Law
Sections of the Civil Code (Draft)
Once the rights and obligations under a contract terminate, the parties shall abide by the principle of good faith and perform notification, assistance, confidentiality, used item recovery and other such obligations in accordance with trade practice.
Further reading
Company Law
Draft of Bill Amending the <PRC Company Law> (Draft for Comments)
A company may acquire its own shares if as a complement to an offering of convertible corporate bonds or warrants, a listed company is to use them for an equity swap or if the same is required by a listed company to safeguard its creditworthiness and shareholders' equity.
Further reading
Energy
PRC Atomic Energy Law (Draft for Comments)
The state encourages the investment of private capital in the nuclear fuel cycle industry and effective use of capital markets to gradually give rise to a diversified investment mechanism for the nuclear fuel cycle industry.
Further reading
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