Quick search
CTRL+K
Quick search
CTRL+K
Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.
posted 3 years ago
Since the outbreak of the COVID-19 pandemic, some small-scale enterprises have been impacted heavily and unable to bear the daily operation costs, such as rent and employee salary disbursals. However, compared with closing the company permanently, some companies are more willing to put their business on hold and get their second wind after surviving difficult times.
To minimize the impact of the pandemic and improve conditions in the business environment, China’s authorities have launched a “business suspension policy”, also commonly known as “dormant company policy” in other jurisdictions. Business suspension or company dormancy allows enterprises to take a temporary break and return to the market when they are financially and operationally stable. The policy is expected to stimulate the vitality of the market and consumption potential.
Find the right Legal Expert for your business
Sign up for the latest advisor briefings and news within Global Advisory Experts’ community, as well as a whole host of features, editorial and conference updates direct to your email inbox.
Naturally you can unsubscribe at any time.
Global Advisory Experts is dedicated to providing exceptional advisory services to clients around the world. With a vast network of highly skilled and experienced advisors, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
