Legal briefings from the world's leading law firms
Legal Briefing
China’s new judicial interpretation of contract law - clarifications and implications
Practice Area: Sale and Supply of Goods and Services
Sector: Business services
Jurisdiction: China
Published: 06 August 2012
Law Firm: King & Wood Mallesons
Overview
In June 2012, the Supreme People's Court promulgated a new set of interpretations concerning a range of contract law issues. This latest document, which came into effect in July, explicitly regulates the issues of establishment and validity of sale and purchase contracts, delivery of subject matter and transfer of title, bearing of risk of subject matter, inspection and acceptance of subject matter, default liability, retention of ownership, and special sale and purchase. In addition to clarifying various issues in judicial practice, the 2012 interpretation also fills certain gaps left by the PRC Contract Law.
This detailed article from King & Wood Mallesons provides an overview of the most notable changes and developments.
Click 'View Briefing' to read on.
Rating: 
9 people found this useful
People who read this also read these
- PRC contract law - principle of balancing benefits and losses established
- International contracts for the supply of goods - a comprehensive checklist
- Avoiding ambiguity: top ten contract drafting tips
- Common legal terms, real business meanings: unreasonably withheld consent & reasonable endeavours
- Execution of documents - answers to the 10 most frequently asked questions
- Late payment of commercial debts - new developments of interest
More from King & Wood Mallesons
- Going global: China further relaxes foreign exchange controls over direct investment
- Protecting your legal rights with a Facebook status... it's a hoax, folks
- China's new choice for mainland-related international arbitration
- Guide to obtaining investment protection for Chinese investors
- China's "landmark" tax reform - analysis and advice
Keep up to date with the most recently added briefings to LegalWeekLaw.com
© Incisive Media Investments Limited 2013, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093.