In The News

China Opens Revised Draft Foreign Investment Law for Public Consultation

GC Agenda China

January 2019

In the January edition of GC Agenda China (subscription required), Morrison & Foerster partner Paul McKenzie shared his opinions on the revised draft of the Foreign Investment Law, which was circulated by the National People's Congress (NPC) Standing Committee for public comment on 26 December 2018.

According to Mr. McKenzie: "The new draft Foreign Investment Law is shorter and simpler than the 2015 draft. Some provisions of the prior draft have been dealt with since in other legislation, and no longer need to be addressed. But

some controversial provisions, most notably those that might have shut down the VIE structure, have been omitted. The policy drivers are different and the evolving trade war with the US may be informing a more investor-friendly approach short term. Legislators may seek to re-introduce some of the more controversial provisions of the 2015 draft at a later stage."

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.