EJV Law definition

EJV Law means the PRC Sino-Foreign Equity Joint Venture Law passed on 1 July 1979 by the PRO National People’s Congress and any and all of its subsequent amendments.
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EJV Law means the Law of the PRC on Joint Venture Using Chinese and Foreign Investments and the regulations promulgated thereunder;
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Examples of EJV Law in a sentence

  • The execution and delivery by such party of this Agreement and the performance by such party of such party’s obligations under this Agreement do not and will not conflict with or violate any provision of, or require the consent or approval of any person or entity (except for any such consents or approvals which have been obtained) under, (a) applicable law, (b) the organizational documents of such party (if it is not an individual) or (c) any contract or agreement to which such party is a party.

  • The EJV Law statutorily prescribes sharing of profits, risks and losses between the parties to the EJV in proportion to the respective capital contributions, whereas the CJV Law allows the parties to determine proportions by the CJV contract.

  • For example, under the “encouraged foreign investment industries”’ list under the “mining and quarrying industries”’ for the “venture prospecting and exploitation of petroleum, natural gas” the only forms of FIE prescribed are EJV or a Contractual Joint Venture.48Article 5 of the EJV Law imposes the following condition: “The technology and the equipment that serve as a foreign joint venture's investment must be advanced technology and equipment that actually suit our country's needs.

  • As of 1 January 2020, the three (3) FIE laws, i.e. WFOE Law, EJV Law and CJV Law, were superseded by a consolidated FIL.

  • Under the EJV Law and its implementation rules, an equity joint venture incorporated in China may declare and distribute the dividends only after it sets aside reserve funds, bonus and welfare funds for employees and development funds, at a percentage of the after-tax profits determined by the board at its discretion.

  • It should be noted, though, that the EJV Law was “more a statement of principles than a well-defined legal code [and] sketchy both in form and substance” (Fu 2000: 29).

  • For example, originally Article 57 of the EJV Law Implementing Rules reads: “In its purchase of required machinery, equipment, raw materials, fuel, parts, means of transport and office equipment, etc., a joint venture has the right to decide whether it buys them in China or from abroad.

  • The Company is a Sino-foreign equity joint venture company in accordance with the PRC EJV Law, other PRC Law and the provisions of this Contract.

  • PRC Laws on (i) Sino-Foreign EJV (EJV Law), (ii) Sino-Foreign CJV (CJV Law), and (iii) WFOE (WFOE Law) and their implementing rules published in the 1970s-1990s, as amended from time to time, have served as the fundamental laws governing foreign investment in China.

  • According to these laws, FIEs shall be subject to examination and approval of competent authori- ties including their establishment, changes and ter- mination (Articles 6, 10 and 20 WFOE Law; Articles 3,13, and 14 EJV Law; Articles 5, 7, 10, 12(2) and 24 CJV Law).

Related to EJV Law

  • bye-law means a bye-law framed by the corporation under this Act;

  • Cookie Law means the relevant parts of the Privacy and Electronic

  • Law means any law, statute, code, ordinance, rule, regulation, judgment, order, award, writ, decree or injunction issued, promulgated or entered into by or with any Governmental Entity.

  • Corporations Law means the Corporations Law of the Commonwealth of Australia as applying in each State and Territory of Australia;

  • Anti-Corruption Law means any Applicable Law relating to anti-bribery or anti-corruption (governmental or commercial), including the Foreign Corrupt Practices Act of 1977, as amended, and any other Applicable Law that prohibits the corrupt payment, offer, promise or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any Person, including any Government Official.

  • PPS Law means the PPSA and any amendment made at any time to the Corporations Act 2001 (Cth) or any other legislation as a consequence of the PPSA.

  • Companies Law means the Companies Law (2018 Revision) of the Cayman Islands, as amended from time to time.

  • Applicable Laws/ Rules means the laws/ Rules of Islamic Republic of Pakistan/Punjab, as they may be issued and enforced from time to time.

  • Anti-Bribery Law means any applicable anti-bribery or anti-corruption law, regulation or rule enacted in any jurisdiction, including the US Foreign Corrupt Practices Act of 1977 and the UK Xxxxxxx Xxx 0000;

  • Anticorruption Laws means the US Foreign Corrupt Practices Act of 1977, as amended and any other anticorruption or anti-bribery Applicable Law applicable to the Company or any of its Subsidiaries.

  • Companies Act means the Companies Act, 2008 (Act No. 71 of 2008);

  • EU Data Protection Law means (i) prior to 25 May 2018, Directive 95/46/EC of the European Parliament and of the Council on the protection of individuals with regard to the processing of Personal Data and on the free movement of such data ("Directive") and on and after 25 May 2018, Regulation 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of Personal Data and on the free movement of such data (General Data Protection Regulation) ("GDPR"); and (ii) Directive 2002/58/EC concerning the processing of Personal Data and the protection of privacy in the electronic communications sector and applicable national implementations of it (as may be amended, superseded or replaced).

  • European Data Protection Law means the GDPR and any data protection law of a European Member State and Switzerland, including local legislation implementing the requirements of the GDPR, including subordinate legislation, in each case as amended from time to time;

  • Export Law means all constitutions, laws, statutes, codes, ordinances, orders, judgments, decrees, injunctions, rules, regulations, permits, restrictive measures, trade sanctions, embargos and other legally binding requirements of all federal, country, international, state and local governmental authorities relating to export, re-export or import.

  • Anti-Bribery Laws means the anti-bribery provisions of the Foreign Corrupt Practices Act of 1977, as amended, and all other applicable anti-corruption and bribery Laws (including the U.K. Xxxxxxx Xxx 0000, and any rules or regulations promulgated thereunder or other Laws of other countries implementing the OECD Convention on Combating Bribery of Foreign Officials).

  • This law or "the law" means the Juvenile and Domestic Relations District Court Law embraced in

  • Bye-laws means the bye-laws of the Company, as amended from time to time.

  • Competition Law means any Law that prohibits, restricts or regulates actions having the purpose or effect of monopolization or restraint of trade or lessening of competition through merger or acquisition.

  • Data Protection Law means the applicable legislation protecting the fundamental rights and freedoms of persons and their right to privacy with regard to the processing of Personal Data under the Agreement (and includes, as far as it concerns the relationship between the parties regarding the processing of Personal Data by SAP on behalf of Customer, the GDPR as a minimum standard, irrespective of whether the Personal Data is subject to GDPR or not).

  • PRC Law means the then-effective laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory documents of the PRC.

  • Law" or "Laws means any federal, state or local government law, rules or regulations applicable to the Project.

  • Federal law means the Statute of Canada entitled “The Cannabis Act” and any other Canadian federal legislation regulating cannabis.

  • Taxation law means the law on taxation in any jurisdiction which applies to the Account or to interest we pay you, for example the Taxes Consolidation Act 1997 as amended and any regulation made under it;

  • Takeover Laws means any “moratorium,” “control share acquisition,” “fair price,” “supermajority,” “affiliate transactions,” or “business combination statute or regulation” or other similar state anti-takeover laws and regulations.

  • Anti-Corruption Laws means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption.

  • Israeli Companies Law means the Israeli Companies Law, 5759-1999, as amended, and the regulations promulgated thereunder.