New Mainland China Implementation Rules for the Law for Promoting Private Education – Implications for Investments into VIE Structures? | Akin Gump Strauss Hauer & Feld LLP
To embed, copy and paste the code into your website or blog: On May 14, 2021, the People’s Republic of China (PRC) State Council announced the Implementation Rules for the Law for Promoting Private Education (“Education Sector Implementation Rules”). These measures—which contain various detailed provisions on the operational and governance aspects of education—are part of China’s ongoing efforts to further regulate and streamline the provision of private sector education. The Education Sector Implementation Rules also effectively prohibit China-based foreign-invested enterprises a...
Source: jdsupra.com