New Mainland China Implementation Rules for the Law for Promoting Private Education – Implications for Investments into VIE Structures?
By EsqSocial Corporation 22/06/21
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...
By: Akin Gump Strauss Hauer & Feld LLP