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Searching Content indexed under Directors and Officers by Maarten Roos ordered by Published Date Descending.
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Risks and Liabilities for Legal Representatives in China
The legal representative is the person with the broadest individual authority in a company in China.
China
7 Jun 2012
2
New Liabilities for Directors and Senior Managers
Under the PRC Company Law (2006), directors and senior managers of a foreign-invested, Chinese-registered company have the duty to comply with laws, regulations and the company’s articles of association, and owe the company loyalty and diligence. Moreover, they may be liable for compensation to the company if they cause it harm. In principle however, they will not bear civil liability towards third parties (such as the company’s creditors) for their actions on behalf of the company.
China
16 May 2011
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