kes[法律资料]中外合资经营企业法英.doc

THE LAW OF THE PEOPLES REPUBLIC OF CHINA ON CHINESE-FOREIGN EQUITY JOINT VENTURES(2001) (Adopted by the Second Session of the Fifth National Peoples Congress on July 1, 1979 and revised in accordance with Resolution on Revision of the Law of the Peoples Republic of China on Chinese-Foreign Joint Venture of the Third Session of the Seventh National Peoples Congress on April 4, 1990, revised for the second time in accordance with Resolution on Revision of the Law of the Peoples Republic of China on Chinese-Foreign Joint Venture of the Fourth Session of the Ninth National Peoples Congress on March 15, 2001) Article 1 With a view to expanding international economic co-operation and technical exchange, the Peoples Republic of China permits foreign companies, enterprises, other economic organizations or individuals (hereafter referred to as foreign joint venturers)to joint with Chinese companies, enterprise or other economic organizations (hereafter referred to as Chinese joint ventures) in establishing joint ventures in the Peoples Republic of China in accordance with the principle of equality and mutual benefit and subject to approval by the Chinese Government. Article 2 The Chinese Government protects, in accordance with the law, the investment of foreign joint ventures, the profits due to them and their other lawful rights and interest in a joint venture, pursuant to the agreement, contract and articles of association approved by the Chinese Government. Joint ventures shall follow the provisions of the laws and regulations of the Peoples Republic of China in all their activities. The state does not practice nationalization and expropriation of a joint venture; under special circumstances, the state, in accordance with the needs of social public interest, expropriates a joint venture pursuant to legal procedures and offers corresponding compensations. Article 3 The joint venture agreement, contract and articles of association signed by the parties to the venture shall