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New Foreign Investment Law 2020

China is set for major reforms on the 1st of January 2020, the current regulations the Law of the People’s Republic of China on Sino-foreign Equity Joint Ventures, Law of the People’s Republic of China on Sino-foreign Cooperative Joint Ventures and Law of the People’s Republic of China on Foreign Investment Enterprises (the “Three Laws on Foreign Investment”) being superseded by the Foreign Investment Law of the People’s Republic of China.

The Foreign Investment Law (FIL) will greatly simplify the legislative environment with only 42 articles over six chapters, albeit the FIL is being accompanied by (draft) Implementing Regulations (IR) which contain another 45 articles.