法释[1998]1号
颁布日期:19980115 实施日期:19980115 颁布单位:最高人民法院
Fa Shi [1998] No.1
January 15, 1998
Official Reply of the Supreme1 People's Court to the Question on How to Liquidate2 a Joint3 Venture in the Trial of a Dispute Case Arising from the Chinese-Foreign Joint Venture Contract, adopted at the 950th Meeting of the Judicial4 Committee of the Supreme People's Court on December 5, 1997, is promulgated5 on January 15, 1998 and comes into force as of the date of its promulgation6.
Official Reply of the Supreme People's Court to the Question How to Liquidate a Joint Venture in the Trial of a Dispute Case Arising from the Chinese-Foreign Joint Venture Contract
(Adopted at the 950th Meeting of the Judicial Committee of the Supreme People's Court)
To the Higher People's Court of Shandong Province:
The Report on Request for Instruction to the Question How to Liquidate a Joint Venture in the Trial of a Dispute Case Arising from the Chinese-Foreign Joint Venture Contract [(1996) Lu Jing Chu Zi No.44] has been received. After deliberation, the reply is hereby given as follows:
The first opinion in your court's request for instructions is agreed, i.e., where the foreign party to the Chinese-foreign equity7 joint venture brings a lawsuit8 in the People's Court, claiming that the joint venture be dismissed and claiming the other party's liabilities for breach9 of contract, the People's Court shall make a judgment10 on such issues as the validity of the joint venture contract, whether to terminate the joint venture contract, and the liability for breach of contract, etc…… The issue concerning the liquidation11 of the joint venture shall be handled in accordance with the relevant provisions of Regulations for the Implementation12 of Law of the People's Republic of China on Chinese-foreign Equity Joint Ventures, and Measures for the Liquidation of Foreign-Invested Enterprises. And the liquidation organized by the People's Court has no legal basis. If a domestic limited liability company has a similar situation, the relevant provisions of the Company Law of the People's Republic of China shall apply.all apply.