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In-House Community: A New Bed — A Shared Dream?September 11, 2019
In this article, O’Melveny partner Walker Wallace commented on the implications of China’s new Foreign Investment Law (FIL).
“We expect foreign investors will welcome many of the innovations of the FIL, including establishment of foreign-invested enterprises under the structure and governance provisions of the Company Law instead of under separate laws, as well as the FIL’s enumeration of certain rights, protections, and access to be enjoyed by foreign-invested entities, including equal opportunity to participate in the formulation of standards (Article 15), equal treatment in government procurement for their products which are produced within China (Article 16), access according to law to China’s capital markets (Article 17), IP protection (Article 22), and others,” said Wallace.
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