porno Chinese Law | China: What are the Liabilities of Foreign Invested Companies?
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What are the Liabilities of Foreign Invested Companies?

 Liability limitation of a FIC, like a domestically owned company, is subject to the amended law’s statement that limited liability is not to be ‘misused’ for the purpose of evading liabilities and causing ‘severe harm’ to the interests of creditors. Also like for a domestically owned company, the position of a FIC’s ‘legal representative’ – bearing certain vaguely defined types of personal liability for the company’s conduct, which historically was filled by the company’s chairman or executive director – now may alternatively be filled by a company manager.

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