The draft foreign investment law (FIL) is replacing the regulations from 1979. China has changed, and so a major overhaul of the law is long overdue, write lawyers Mark Schaub and Xu Ping in China Law Insight. They give an overview of the shortcomings of the current law, and the new features of the FIL. And it might only be the beginning.
At the end of last year, China promised drastic reforms for aid foreign investments. Xu Ping, lawyer at King&Wood Mallesons calls those plans “sweeping” in a review of the “2014 Draft” that has been released, although many restrictions remain in place.