Until 2020, civil probate and estate affairs in China have been handed in accordance with the Law of Succession of the People’s Republic of China (enacted in 1985). The new legislation (the Civil Code of the People’s Republic of China), in effect from 1 January 2021, has revamped the rules pertaining to succession of the deceased’s assets into highly organized system.
The new law has more specified guidelines regarding estate administrators (which was not addressed in the 1985 legislation). The 2021 laws address the methods of appointing an administrator, their scope of power and their accountability and right to renumeration.
Author: ONC Lawyers
Members-only access
To access the full resource, you must be a
member.
Already a member?
Login to unlock.
Login
Not an ACC member?
Gain access to a comprehensive collection of global
resources for in-house counsel
Sign
up for a 30-day trial
Region:
China
The information in any resource collected in this virtual library should
not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.