BEIJING, Jan. 2 (Xinhua) -- China's Supreme People's Court (SPC) published on Thursday five typical cases from its judicial work regarding the protection of the rights and interests of foreign investors in accordance with the law.
The cases involve various types of disputes, including liability for harm to corporate interests and those about shareholders' right to information, company dissolution, company certificates, and liability for related party transactions.
In one case, the trial court ruled against the manager of a company founded by investors from France and Belgium, providing legal remedy for the relevant company's losses caused by the executive's misconduct.
According to the SPC, Chinese courts fully utilize multiple methods in accordance with the law to seek the best solutions for disputes. In one case, the Chinese and foreign parties reached an agreement to continue their cooperation after the court's mediation, enabling the continuous operation of the joint venture.
China's Foreign Investment Law came into effect on Jan. 1, 2020. The SPC said foreign investment is a key force in Chinese modernization as well as in promoting the Chinese and global economies.
It said Chinese courts are committed to providing equal protection of the legitimate rights and interests of both domestic and foreign parties, as well as various market entities, resolving foreign investment-related disputes fairly and efficiently, and fostering a favorable legal environment for foreign investment. Enditem
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