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Overview (Program Summary)
The ACC Hong Kong Board of Directors invites you to the following presentation, hosted by docQbot.
The new foreign investment law (FIL) represents the most fundamental change in the laws governing foreign direct investment (FDI) in China in 40 years and impacts all new foreign investment and all 500,000+ existing foreign investment enterprises (FIEs), which will need to convert their existing corporate governance systems to comply with the requirements of the Company Law before the end of 2024. Because the deadline for conversion is not imminent and many multinational corporations (MNC) in-house counsel assume (incorrectly) that this will be a simple “tick the box” exercise, there is a natural tendency to put this off. In this presentation, Robert Lewis (who has worked for top US, UK and Chinese law firms in China for almost 30 years) and Fengwen Jiang (former Senior Vice President, General Counsel and Head of Legal and Integrity for ABB Asia, Middle East and Africa, and currently Senior Vice President and Senior Expert at docQbot) will explain exactly what FIEs conversion actually entails and share practical perspectives on related timing considerations.
Robert is co-founder and Chief Expert of docQbot (or 合通机器人 in Chinese), the first bilingual AI contract service platform in China.
Last year, Robert formed and spearheaded the work of an Expert Committee comprised of leading senior lawyers from top international and Red Circle firms as well as from top MNC and State Owned Enterprise (SOE) law departments to create a full suite of new bilingual FDI templates to conform to the requirements of the Company Law. These sample templates, together with related annotations, are included in his new book on the FIL published by Law Press China. These new Company Law-compliant templates also now form a part of the fully automated ecosystem of bilingual FDI and FIE templates on the docQbot platform. Robert has also led the development of a new FIE conversion online-offline toolkit, called "FIe-conversion" in English and e转通 in Chinese. In preparing these new tech-enabled know-how solutions, he is able to draw upon his experience working on thousands of outbound direct investment (ODI), FDI and cross-border and domestic transactions in China over a period of almost 30 years, both at leading US, UK and Chinese law firms as well as serving as Asia General Counsel of a major multinational corporation.
Fengwen is a Senior Expert at docQBot. She brings a wealth of experience on complex corporate deal structuring and corporate law department management. She is qualified in China and the US and most recently headed up the legal team for ABB Asia, Middle East and Africa. In that role she led a wide range of innovative legal digitization projects covering contract standardization, online corporate governance tools and resources, and private cloud initiatives.
At docQbot, Fengwen helps corporate law departments design and implement legal-tech solutions utilizing docQbot’s cutting edge tools. In addition, drawing on her extensive experience heading up major M&A, spin-off and demerger deals as well as the full spectrum of commercial transactions and internal advisory matters, she provides direct hands on leadership for key elements for docQbot’s content development initiatives.