News

To enhance lawyers' understanding of the new Company Law's core content and spirit, and to better adapt to legal changes and challenges, JAVY Law Firm successfully hosted the fifth session of the "Key Practical Aspects of the New Company Law" series on July 18. Partners Xue Jing and Liu Xiufang were the main speakers, and the event was live-streamed.

Keynote by Xue Jing: Xue Jing focused on "In-Depth Interpretation of Major Changes in the New Company Law's Capital Reduction System." She outlined the core changes in the capital system, using representative cases to analyze the new capital reduction provisions. Her discussion covered:

· Defining substantive capital reduction and its procedures.

· Principles and exceptions of proportional capital reduction.

· Logic and limitations of simplified capital reduction.

· Legal consequences and liabilities of illegal capital reduction.

Xue Jing compared key changes between old and new regulations, demonstrating practical applications using balance sheets. She encouraged active discussion on risks, ambiguities, and potential issues in capital reduction, providing valuable insights and guidance.

Keynote by Liu Xiufang: Liu Xiufang discussed "Amending Company Articles under the New Company Law." She highlighted the importance of these amendments in optimizing corporate governance and impacting operational strategies and shareholder rights. Liu identified ten key amendments, including:

· Increased flexibility in registered capital.

· Enhanced shareholder rights.

· Detailed division of powers between the shareholders' and directors' meetings.

· Improved mechanisms for the appointment and change of legal representatives.

· Professionalization and diversification of the board of directors.

· Innovative rules for share transfer and repurchase.

· Clear definition of managers' powers.

Liu explained the legislative logic and values behind these amendments, emphasizing the need for compliance to benefit from the new regulations while avoiding legal pitfalls.

Conclusion: The event was rich in content, clearly structured, and closely linked to practical application, earning high praise and enthusiastic responses from the lawyers. This successful session demonstrated JAVY's strong expertise and commitment to supporting the new Company Law.

JAVY Law Firm will continue to monitor the implementation of the new Company Law, providing high-quality legal services to support the healthy development of enterprises.