All posts by legal

The reversion of “Company Law of PRC” (“New Company Law”) has been released on Dec. 28, 2013, which cancels the requirement of the minimum amount of registered capital for those limited liabilities companies, changes the paid-in capital into the capital subscribed by the shareholders, except those industries regulated by specified regulations, and eliminates the requirements of capital verification. New Company Law will come into force on Mar. 1. 2014. The amendments aforementioned arouse the concern and worry of enterprises on the security risk for the future transactions. Then, what are the impacts of New Company Law on the transaction security?…

Company A had made a contract named as “Research on Particular Conditions of Construction Contract 2009” (“2009 Contract”), and obtained “Copyright Registration Certificate” in 2010. 2011, Company B published its announcement of tender, together with Particular Conditions. Company A found that Particular Conditions is similar with 2009 Contract both in structure and content, and it sued Company B for copyright infringement. Upon investigation, it was found that 92.9% of the content of Particular Conditions is the same as 2009 Contract. Company A’s appeal was supported by the court of first instance, however, the court of second instance overrode the decision…

From Sep., many companies consult about investing in SFTZ, some foreign investors whom have invested companies in Shanghai, are also interested in the benefits of SFTZ. Actually, whether an investor shall invest in SFTZ, the special benefits of SFTZ and its own demand shall be both taken into consideration, which means the investor shall be acknowledged about whether its demand can be satisfied by taking advantage of the policy of SFTZ. Currently, the released special policies related to foreign investment in SFTZ are mainly focusing on the following aspects: 1.Opening up of investment sectors Firstly, for 6 sectors, including the…

Miss. Zhang bought a TV set, the seller gave her a soymilk maker and a fan as premiums. On the same day, Miss. Zhang found there was something wrong with the soymilk maker, she asked the seller to replace. The seller explained that the premium was free, which was not the object of “Three Guarantees” (“TG”), so it could not be replaced. 5 days later, there was something wrong with the TV set, Miss Zhang asked the seller to return. However, the seller refused, he said that replacement should be applied in case both goods and premiums were returned. But…

In the OEM system, how to make the enterprise’s name on OEM products? Shall we make the name of consignor or consignee, or both? This is a confusing problem in practice, even different local industry and commerce departments and quality supervision departments may make totally different decisions on such circumstance. We believe that the marks of products shall have the following functions: (1) to help consumers to claim on products liabilities; (2) to guarantee fair competition and the consumer’s right to know; (3) where the products have been marked with trademark, it can be used to identify products’ source and…

Mr. Huang had to purchase sportswear for the company. Because the company’s logo is light yellow color, he ordered 50 sets of yellow sportswear. After received the sportswear, he found that the color was earth yellow, which was totally different from the color shown on the website, and it was definitely not the ideal color. He negotiated with the retailer on revoking the deal, however, the retailer claimed that there was no quality problem and the website had made a statement, which said that due to the light and camera’s function, the actual color might be different from the color…