On 28th of May, 2020, the 13th National People's Congress passed the Civil Code, which will take effect on 1 st of January 2021, and it will abolish, among other laws, the General Provisions of the PRC Civil Law, the PRC Marriage Law, the PRC Contract Law, etc.
The new Civil Code is an important milestone in the development of China's legal system, because it not only codifies the fundamental rules of law on civil and commercial matters but also strengthens the protection of citizens' personal rights.
The purpose of this seminar is to introduce the Civil Code and its implication on foreign-related contracts and matters.
Agenda
Agenda
3:00 PM - 3:05 PM
Chamber welcome
Chamber welcome
3:05 PM - 3:50 PM
Presentation
Presentation
- History of P.R. China first Civil Code - Which laws are going to be abolished; - How the Civil Code may affect contracts with foreign parties: 1. Contract formation and how to effectively form a contract in China; 2. Doctrine of change of circumstances (es. Covid-19) and how to protect your rights; 3. Changes related to guarantee; 4. Principle of fairness and liquidated damage 5. Contract and e-commerce business in China.
