On December 29, 2023, the revamped " Corporate Law of the People's Republic of China" (hereinafter referred to as New “Corporate Law”) was officially announced and will be enforced starting from July 1, 2024. K-Insight Law Firm held a legal public training lecture on June 21, 2024, using New “Corporate Law” in their community outreach program at Pudong Jinshi Village. The keynote speaker for this lecture is Wang Yuelong, the Director and Senior Partner of K-Insight Shanghai.
The New “Corporate Law” has made major changes to improve the company capital system, optimize corporate governance, strengthen shareholder rights protection, and amplify the responsibility of company executives, which is incredibly significant for establishing a modern enterprise system and promoting the sustainable and healthy development of the socialist market economy. The lecture content mainly revolved around the basic concepts and importance of companies, the rights and organizational structure of company shareholders, and the responsibilities and liquidation of companies. Mr. Wang explained the impact and coping strategies of the New “Corporate Law” on enterprises in a way that was easy to understand.
This public outreach event was designed to help businesses better understand and apply the New “Corporate Law”, boost their legal awareness, and promote the healthy growth of enterprises. After the lecture, the participating enterprise representatives also interacted enthusiastically with Mr. Wang Yuelong, asking questions about how small shareholders can oust major shareholders who refuse to fulfill their capital obligations, how to handle the aftermath of the actions of corporate employees, and various legal practical issues encountered during the liquidation of enterprises.
Since the signing of the partnership agreement between the K-Insight Shanghai and Jinshi Village on September 28, 2023, K-Insight has set up a dedicated work group to connect with Jinshi Village and have done a ton of work in terms of helping elderly people in Jinshi Village, providing public legal consultations and lectures in the village. " Ingenuity and sincerity can indeed accomplish miracles " is the shared aspiration and philosophy behind the "same name fate" of the K-Insight Law Firm and Jinshi Village. K-Insight Shanghai will continue to uphold this aspiration, actively fulfill the social responsibility for the future development of Jinshi Village.
Note: The Chinese name of our firm is 金石，if we translate it in Chinese phonetic alphabet, it will also be “Jinshi”, which is exactly the same with the name of Jinshi Village.
