The Chinese civil Code : what impact on contrats governed by Chinese law ?

Louis Lacamp comments, for the French magazine Revue Lamy Droit des Affaires, on the impact of the Chinese Civil Code on contracts governed by Chinese law

Chinese Civil Code

The full summary is available here.

Summary : The Chinese Civil Code, which came into force on January 1st 2021, was eagerly awaited and has great symbolic value. However, it will not revolutionise contractual practice.

 

Its main contribution concerns the regime of clauses of adhesion between professionals.

 

Notable changes have also been made to the law applicable to hardships and guarantees.

 

Last update : April 7th 2021

 

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Reference : LACAMP Louis, “The impact of the Chinese Civil Code on contracts governed by Chinese law”, Revue Lamy de droit des affaires, March 2021, p. 45-51