Recently, Administrations for Market Regulation and banks across various regions have urgently published notices urging companies to complete their Ultimate Beneficial Owner (UBO) filing. According to the Measures for the Administration of Beneficial Ownership Information (the Measures), jointly issued and implemented by the People’s Bank of China and the State Administration for Market Regulation in 2024, companies that were registered before the Measures (i.e., before November 1, 2024) must complete their UBO filing by November 1, 2025. For these companies, the final filing deadline is now only one week away!

Shaohe Law Firm recently joined forces with the Benelux Chamber of Commerce for the fifth episode of its Intern2China Experience Series! This time, the Chamber sat down for a relaxed wrap-up chat with our Foreign Counsel Philip Lazare and Christian Loos — a participant in the Intern2China 2025 Spring Program who just finished a six-month internship at our Shanghai office.

The newly amended Company Law of the People’s Republic of China (hereinafter the “New Company Law”), which came into effect on July 1, 2024, introduces several important adjustments to corporate governance structures. These adjustments primarily concern the organization and allocation of powers among the board of directors, management, and supervisory boards. In particular, it provides detailed provisions on employee participation in corporate governance, thereby imposing higher compliance requirements on companies. This article interprets these requirements using limited liability companies as an example; however, the requirements are applicable to joint stock companies as well.