On May 21, JAVY Law Firm successfully hosted the second session of the "Key Practical Exchanges on the New Company Law" series. The event aimed to deepen lawyers' understanding of the core content and spirit of the new Company Law, helping them adapt to legal changes and challenges. Executive Director Ge Youshan Esq. and associate Zhao Hongwei Esq. were the main speakers, and the event was live-streamed on JAVY’s video account.
Mr. Ge's presentation focused on "Risks and Compliance Strategies for Directors, Supervisors, and Senior Executives under the New Company Law," using the Kangmei Pharmaceutical case as an example. He likened the selection of executives to choosing a son-in-law—demanding both competence and responsibility—and compared them to Zhuge Liang, emphasizing that a company's success is influenced by many factors beyond one person’s control. Ge reviewed the Kangmei case, detailing the responsibilities, violations, and liability distributions, vividly illustrating the risks and challenges faced by corporate executives. He analyzed the legal responsibilities and risks, emphasizing compliance with company articles, capital contribution, and withdrawal responsibilities. Ge suggested three compliance strategies: adhering to company articles, following principles of information disclosure and fairness in related transactions, and considering directors' liability insurance to mitigate risks.
Mr. Zhao's session, titled "Reflections on Equity Acquisition through Litigation Cases," discussed a complex equity acquisition case he handled. This case helped lawyers understand potential legal issues in equity acquisitions. Zhao analyzed key contract clauses and potential risks, highlighting the importance of equity acquisition agreements. He emphasized that a signed acquisition agreement is just the beginning of a partnership, requiring ongoing effort and maintenance from both parties. Zhao’s insights and additional case references provided valuable legal wisdom and practical guidance for lawyers in equity acquisition.
The success of this session showcased JAVY Law Firm’s deep expertise and practical experience, demonstrating their strong support for the new Company Law. JAVY Law Firm remains committed to monitoring the implementation of the new law, providing high-quality legal services to help businesses thrive.
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