China’s premier firm for management buyouts of your China merger acquisitions.We assist with China business, China incorporations, China tax, China investment and your own China accountant, working for you.
Individuals Not Permitted to Participate in Chinese Management Buy-Outs (MBO) Pursuant to PRC Company Law and the State Administration for Industry and Commerce (Interim Regulation on the Conditions for Examination, Approval and Registration of Legal Representatives), the following persons shall not participate in a MBO:
Individuals who were Legal Representatives of a company or enterprise which had its business license revoked due to a violation of the law and who are individually liable, and less than three years has elapsed since the business license revocation;
Individuals who are former directors or management of an enterprise which has become bankrupt/liquidated as a result of mismanagement, individuals are personally liable for the bankruptcy and where less than three years have elapsed since the completion of the bankruptcy/liquidation.
Individuals who have committed criminal offences and have been sentenced to criminal penalties and where less than three years have elapsed since the date of completion of the criminal sentence.
Persons who are under judicial investigations.
Translation by Andy Peng – China Fortune Investment Group !