White & Case has made additions to its Asia Bank Finance and Restructuring practices with the arrival of partner John Hartley and his team of three from…
On May 12, 2008 the Supreme People's Court promulgated the Interpretation of Some Issues regarding the Application of the PRC Company Law, which became effective on May 19, 2008. The new interpretation provides guidelines on the application of Chapter 10 of the Company Law on dissolution and liquidation of companies incorporated in China, including foreign invested enterprises and domestically owned companies, both limited liability companies and joint stock companies.
The Guidelines set forth the conditions under which an investee organization of a commercial bank shall be included within the scope of consolidated supervision.