Top 10 tipsIPS: Executive Employment and PRC Employment Law back to events

Date: 09/10/2008 - 09/10/2008
Type: FCCC events
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On 9 0ctober 2008, the Flanders-China Chamber of Commerce, in cooperation with Freshfields Bruckhaus Deringer, organised a lunch seminar “Top 10 Tips: Executive Employment and PRC Employment Law”. More than 40 participants took part in this interesting seminar.

On 1 January 2008, the new PRC Labour Contract Law took effect. However, many foreign-invested companies in the PRC have not yet come to terms with the impact this new law will have on how they do business. Following the new Labour Contract Law, the State Council of the People’s Republic of China (PRC) released the PRC Labour Contract Law Implementation on 18 September 2008. The Implementation Rules’ main implication is to clarify certain ambiguities arising from the Labour Contract Law. Nevertheless, there are still important gaps and uncertainties in the law as the PRC legal landscape continues to evolve as China becomes one of the world’s leading economies and continues to attract foreign investment.

Mr Som Leung, lawyer at Freshfields Bruckhaus Deringer in Hong Kong and in the PRC, gave a focused briefing on the impact of the new PRC Labour Contract Law and on how to avoid potential pitfalls when managing mid- to senior level executives. Mr Leung concluded that it is essential to proactively adopt a systematic and disciplined approach to documenting, monitoring and communicating about your employment arrangements.

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